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.
North Weyburn Home Price
Canada’s national median home listing price this month is $310,000, which means that North Weyburn is in the top 40% for Canada.
Want a cheaply priced house? Then at $260,000 this month, North Weyburn, Saskatchewan is probably not for you price wise.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 349 neighbourhoods that have more properties on sale than North Weyburn at the moment in Saskatchewan which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Can we guarantee how well North Weyburn 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
When we look at the data we have, it can help with trying to establish whether or not North Weyburn is a good investment target.
If you are looking at investment properties in North Weyburn, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media