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.
Moose Creek Home Price
The median asking price in Moose Creek is $180,000, less than the median three months ago which was $212,400 .
With Moose Creek’s median house price at $180,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 1415th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
As one of Ontario’s many potential real estate investment neighbourhoods, Moose Creek 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Moose Creek, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 14, this month we show 17.
Can we guarantee how well Moose Creek 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 Moose Creek, 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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