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.
Port Colborne Home Price
Port Colborne was Canada’s 2209th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $239,900 in Port Colborne was a below average compared to the rest of Ontario.
Investors looking for properties in Port Colborne are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Across Ontario Port Colborne has the 122th most properties on offer with 1145.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
In Port Colborne, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Across the country as a whole, Port Colborne is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Port Colborne has a median home price of $184,700.
There are 196 neighbourhoods that have more properties on sale than Port Colborne at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Port Colborne 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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