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.
Northbrook Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Northbrook is number 2302 putting it in the top half of the country .
While the median for Ontario is $349,900 , which means that Northbrook’s median price is $234,900 better than average than the rest of the province.
When we look at the data we have, it can help with trying to establish whether or not Northbrook is a good investment target.
If you are looking at investment properties in Northbrook, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Will prices rise across the next year in in Northbrook? There are a number of real estate indicators to consider.
Over the last three months in Northbrook, 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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