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.
Lyn Home Price
The median asking price in Lyn is $295,000, an improvement on the median three months ago which was $142,200 .
When our research team crunched the numbers we calculated that Lyn has a median home price of $295,000.
This month we track 861th neighbourhoods in Ontario, and Lyn has the 861th most choice available for real estate investors.
Can we guarantee how well Lyn 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lyn have dried up which would tend to indicate that demand is higher than the supply of new properties.
Lyn was Canada’s 820th most expensive suburb by listed median house price this month.
The $157,150 price tag on the median Lyn home means that it is below the national norm.
Across Ontario Lyn has the 149th most properties on offer with 196.
Is Lyn a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Lyn, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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