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.
The Blue Mountains Home Price
The median asking price in The Blue Mountains is $625,000, a substantial increase over the median three months ago which was $549,900 .
The Blue Mountains, Ontario has a median house price of $625,000 when compiling all the home listings in Aug .
Investors looking for properties in The Blue Mountains are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
From our data, it appears that neighbourhood is number 344th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
As one of Ontario’s many potential real estate investment neighbourhoods, The Blue Mountains 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 The Blue Mountains, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
Across the country as a whole, The Blue Mountains 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 The Blue Mountains’s median price is $195,000 below average than the rest of the province.
The Blue Mountains’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 1 bedrooms.
Ontario has the second most amount of properties available to property investors, with The Blue Mountains having 44th most in the province, out of a total of 196.
It’s never an exact art, but to try to forecast how property is going to appreciate in The Blue Mountains for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in The Blue Mountains have dried up which would tend to indicate that demand is higher than the supply of new properties.
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