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.
Orrville Home Price
Canada’s national median home listing price this month is $310,000, which means that Orrville is close to average for Canada.
The $227,400 price tag on the median Orrville home means that it is about average price.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Ontario Orrville has the 995th most properties on offer with 1159.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Orrville will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Orrville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
As one of Ontario’s many potential real estate investment neighbourhoods, Orrville 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.
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