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.
St. Benedict Home Price
Canada’s national median home listing price this month is $305,000, which means that St. Benedict is in the cheapest 20% for Canada.
While the median for Saskatchewan is $280,000 , which means that St. Benedict’s median price is $75,950 a lot lower than the rest of the province.
There are 356 neighbourhoods that have more properties on sale than St. Benedict at the moment in Saskatchewan which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is St. Benedict a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for St. Benedict will hopefully provide an indicator to help you where to research in-depth
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