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.
Oro-Medonte Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Oro-Medonte is number 207 putting it ahead of most neighbourhoods .
With Oro-Medonte’s median house price at $649,900 in Aug , it is high priced compared to the rest of Ontario.
Investors looking for properties in Oro-Medonte are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
There are 1145 neighbourhoods that have more properties on sale than Oro-Medonte at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Can we guarantee how well Oro-Medonte 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.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
If you are looking at investment properties in Oro-Medonte, 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.
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