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 Hope Home Price
Want a cheaply priced house? Then at $449,000 this month, Port Hope, Ontario is probably not for you price wise.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Port Hope has a huge choice compared to the rest of the province
As one of Ontario’s many potential real estate investment neighbourhoods, Port Hope 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 Port Hope, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
With a median listing price of $284,900, Port Hope is Canada’s 263th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Port Hope has a median home price of $284,900.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 1.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
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