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.
Sidney Home Price
Across the country as a whole, Sidney is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Sidney has a median home price of $799,450.
Sidney’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Sidney has a pretty average amount compared to the rest of the province
Is Sidney a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Sidney have dried up which would tend to indicate that demand is higher than the supply of new properties.
When we look at the data we have, it can help with trying to establish whether or not Sidney is a good investment target.
Over the last three months in Sidney, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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