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. Catharines Home Price
Across the country as a whole, St. Catharines is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $319,950 this month, St. Catharines, Ontario is a possibility for you price wise.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In St. Catharines, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 477, this month we show 280.
Across the country as a whole, St. Catharines is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Ontario is $335,000 , which means that St. Catharines’s median price is $205,000 below average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
From our data, it appears that neighbourhood is number 184th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
Will prices rise across the next year in in St. Catharines? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
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