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.
Searchmont Home Price
With a median listing price of $134,900, Searchmont is Canada’s 4216th most expensive when ordered by median listing price.
With Searchmont’s median house price at $134,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Ontario.
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 Searchmont has fewer than average compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Searchmont for investors, it’s important to look at data like:
Over the last three months in Searchmont, housing stock available seems to be falling – this could mean that homes values might increase faster.
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