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.
Scott Home Price
Canada’s national median home listing price this month is $290,900, which means that Scott is in the cheapest 20% for Canada.
The $63,950 price tag on the median Scott home means that it is very cheap in comparison to the rest of the nation.
Across Saskatchewan Scott has the 303th most properties on offer with 357.
Is Scott a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Scott, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Can we guarantee how well Scott is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in Scott, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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