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 Meadows Home Price
The Meadows was Canada’s 1382th most expensive suburb by listed median house price this month.
With The Meadows’s median house price at $284,000 in Feb , it is about average compared to the rest of Ontario.
There are 1109 neighbourhoods that have more properties on sale than The Meadows at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in The Meadows for investors, it’s important to look at data like:
If you are looking at investment properties in The Meadows, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
Can we guarantee how well The Meadows is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.
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