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.
Loretto Home Price
Canada’s national median home listing price this month is $319,000, which means that Loretto is in the top 20% for Canada.
Want a cheaply priced house? Then at $562,400 this month, Loretto, Ontario is definitely not for you price wise.
This month we track 1135th neighbourhoods in Ontario, and Loretto has the 1135th most choice available for real estate investors.
Can we guarantee how well Loretto is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
As one of Ontario’s many potential real estate investment neighbourhoods, Loretto needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Loretto there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media