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.
Rural Home Price
When looking across the province, Rural is the 127th most expensive in Saskatchewan.
While the median for Saskatchewan is $279,900 , which means that Rural’s median price is $242,450 better than average than the rest of the province.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Rural has not many at all compared to the rest of the province
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Rural 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.
In Rural, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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