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.
Paynton Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Paynton is number 4466 putting it behind most of Canada .
In Aug the median listed house price of $119,200 in Paynton was relatively low compared to the rest of Saskatchewan.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Paynton 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.
Over the last three months in Paynton, housing stock available seems to be falling – this could mean that homes values might increase faster.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Paynton for investors, it’s important to look at data like:
In Paynton, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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