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.
Marcelin Home Price
When our research team crunched the numbers we calculated that Marcelin has a median home price of $117,400.
Saskatchewan has the sixth most amount of properties available to property investors, with Marcelin having 299th most in the province, out of a total of 367.
Can we guarantee how well Marcelin 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.
In Marcelin, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Marcelin 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.
Over the last three months in Marcelin, 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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