Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Kyle Home Price
The median asking price in Kyle is $65,000, quite a drop from the median three months ago which was $95,000 .
The $65,000 price tag on the median Kyle home means that it is very cheap in comparison to the rest of the nation.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
There are 357 neighbourhoods that have more properties on sale than Kyle at the moment in Saskatchewan which puts the neighbourhood middle range when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Kyle for investors, it’s important to look at data like:
Over the last three months in Kyle, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
When we look at the data we have, it can help with trying to establish whether or not Kyle is a good investment target.
If you are looking at investment properties in Kyle, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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