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.
Quinte West Home Price
Canada’s national median home listing price this month is $290,900, which means that Quinte West is in the top 40% for Canada.
The median house price listed in Quinte West this month is $278,400.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 193th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Quinte West will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Quinte West was Canada’s 524th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Quinte West has a median home price of $209,900.
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.
From our data, it appears that neighbourhood is number 719th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
It’s never an exact art, but to try to forecast how property is going to appreciate in Quinte West for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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