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.
Norquay Home Price
When looking across the province, Norquay is the 88th most expensive in Saskatchewan.
Want a cheaply priced house? Then at $287,000 this month, Norquay, Saskatchewan is probably not for you price wise.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 2137th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Norquay 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.
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.
When we look at the data we have, it can help with trying to establish whether or not Norquay is a good investment target.
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