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.
Sheho Home Price
Sheho was Canada’s 4242th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Sheho has a median home price of $114,800.
From our data, it appears that neighbourhood is number 4117th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Can we guarantee how well Sheho 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Sheho, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 4, this month we show 2.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Sheho will hopefully provide an indicator to help you where to research in-depth
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