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.
Orillia Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Orillia is number 1169 putting it ahead of most neighbourhoods .
Want a cheaply priced house? Then at $329,900 this month, Orillia, Ontario is a possibility for you price wise.
If you’re looking at investment properties in Orillia, then you’re most likely to find homes with 3 bedrooms on sale this month.
The number of homes for sale this month in the neighbourhood has increased substantially at 1145 in Aug .
When we look at the data we have, it can help with trying to establish whether or not Orillia is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Orillia, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 201, this month we show 132.
Canada’s national median home listing price this month is $244,900, which means that Orillia is in the top 20% for Canada.
Orillia, Ontario has a median house price of $437,450 when compiling all the home listings in Aug .
Ontario has the second most amount of properties available to property investors, with Orillia having 35th most in the province, out of a total of 196.
As one of Ontario’s many potential real estate investment neighbourhoods, Orillia 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.
If you are looking at investment properties in Orillia, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
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