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.
Shebandowan Home Price
Across the nation CREW lists data for 5398 neighbourhoods, and this month Shebandowan is number 3577 putting it in the bottom half of the country .
In Sep the median listed house price of $169,450 in Shebandowan was relatively low compared to the rest of Ontario.
There are 1273 neighbourhoods that have more properties on sale than Shebandowan at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Shebandowan will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Shebandowan, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Shebandowan there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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