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.
Montague Home Price
Montague was Canada’s 1425th most expensive suburb by listed median house price this month.
The $299,900 price tag on the median Montague home means that it is above the cost of most houses in the country.
This month we track 861th neighbourhoods in Ontario, and Montague has the 861th most choice available for real estate investors.
Will prices rise across the next year in in Montague? There are a number of real estate indicators to consider.
In Montague, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Is Montague a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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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