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.
Severn Home Price
Last month, Severn was Canada’s 419th priciest – this month at number 419 it’s gained 1968 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
With Severn’s median house price at $499,900 in Aug , it is high priced 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.
This month we track 132th neighbourhoods in Ontario, and Severn has the 132th most choice available for real estate investors.
Will prices rise across the next year in in Severn? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
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 Severn 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.
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