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.
Norfolk County Home Price
Canada’s national median home listing price this month is $290,900, which means that Norfolk County is in the top 40% for Canada.
The median house price listed in Norfolk County this month is $319,900.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 913th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
As one of Ontario’s many potential real estate investment neighbourhoods, Norfolk County 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.
In Norfolk County, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
When we look at the data we have, it can help with trying to establish whether or not Norfolk County is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Norfolk County there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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