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.
Nepean Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Nepean is number 704 putting it ahead of most neighbourhoods .
Want a cheaply priced house? Then at $412,200 this month, Nepean, Ontario is probably not for you price wise.
From our data, it appears that neighbourhood is number 454th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Is Nepean a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Nepean, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
The $209,900 price tag on the median Nepean home means that it is about average price.
There are 196 neighbourhoods that have more properties on sale than Nepean at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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