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.
Selkirk Home Price
Canada’s national median home listing price this month is $290,900, which means that Selkirk is close to average for Canada.
While the median for Ontario is $349,900 , which means that Selkirk’s median price is $217,400 below average than the rest of the province.
This month we track 375th neighbourhoods in Ontario, and Selkirk has the 375th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Selkirk for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Selkirk there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When we look at the data we have, it can help with trying to establish whether or not Selkirk is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Selkirk have stayed pretty much the same which would tend to indicate that demand is steady.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media