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.
Macklin Home Price
Canada’s national median home listing price this month is $290,900, which means that Macklin is in the bottom 40% for Canada.
The $187,450 price tag on the median Macklin home means that it is below the national norm.
Macklin’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Saskatchewan has the sixth most amount of properties available to property investors, with Macklin having 70th most in the province, out of a total of 357.
Will prices rise across the next year in in Macklin? There are a number of real estate indicators to consider.
Over the last three months in Macklin, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
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 Saskatchewan’s many potential real estate investment neighbourhoods, Macklin 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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