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.
Southgate Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Southgate is number 497 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $472,450 in Southgate was an impressive compared to the rest of Ontario.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 1101th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
As one of Ontario’s many potential real estate investment neighbourhoods, Southgate needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Southgate there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Will prices rise across the next year in in Southgate? There are a number of real estate indicators to consider.
Over the last three months in Southgate, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Corresponding census subdivisions are provided for the following place names where data is not available.
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