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.
Maynooth Home Price
Maynooth was Canada’s 775th most expensive suburb by listed median house price this month.
With Maynooth’s median house price at $397,400 in Aug , it is above average compared to the rest of Ontario.
There are 1145 neighbourhoods that have more properties on sale than Maynooth at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Maynooth 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.
Over the last three months in Maynooth, housing stock available seems to be falling – this could mean that homes values might increase faster.
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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