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.
Spiritwood Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Spiritwood is number 2564 putting it in the top half of the country .
When our research team crunched the numbers we calculated that Spiritwood has a median home price of $219,500.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 5.
This month we track 56th neighbourhoods in Saskatchewan, and Spiritwood has the 56th most choice available for real estate investors.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Spiritwood 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.
Over the last three months in Spiritwood, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
It’s never an exact art, but to try to forecast how property is going to appreciate in Spiritwood for investors, it’s important to look at data like:
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