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.
Silton Home Price
Across the country as a whole, Silton is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Silton’s median house price at $342,000 in Aug , it is high priced compared to the rest of Saskatchewan.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 2.
According to our stats, Silton is the neighbourhood that has the 167th most properties available to real estate investors in Saskatchewan.
Can we guarantee how well Silton 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Silton there is more stock than three months ago. This would indicate pressure on prices easing.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Silton for investors, it’s important to look at data like:
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 Silton have stayed pretty much the same which would tend to indicate that demand is steady.
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