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.
Sudbury Home Price
When looking across the province, Sudbury is the 527th most expensive in Ontario.
When our research team crunched the numbers we calculated that Sudbury has a median home price of $315,900.
Sudbury’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Sudbury at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Sudbury 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.
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.
The median house price listed in Sudbury this month is $272,400.
Sudbury’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
According to our stats, Sudbury is the neighbourhood that has the 16th most properties available to real estate investors in Ontario.
Is Sudbury a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Sudbury, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
Corresponding census subdivisions are provided for the following place names where data is not available.
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