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.
Thunder Bay Home Price
The median asking price in Thunder Bay is $264,900, an improvement on the median three months ago which was $259,900 .
Thunder Bay, Ontario has a median house price of $264,900 when compiling all the home listings in Aug .
How big are the houses being sold in Thunder Bay? This month there are 5 one bedroom 47 two bedroom 123 three bedroom 32 four bedroom 8 five bedroom homes on the market.
According to our stats, Thunder Bay is the neighbourhood that has the 12th most properties available to real estate investors in Ontario.
When we look at the data we have, it can help with trying to establish whether or not Thunder Bay is a good investment target.
In Thunder Bay, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Thunder Bay was Canada’s 243th most expensive suburb by listed median house price this month.
While the median for Ontario is $335,000 , which means that Thunder Bay’s median price is $294,750 considerably better 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 has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Thunder Bay has a huge choice compared to the rest of the province
Will prices rise across the next year in in Thunder Bay? There are a number of real estate indicators to consider.
Over the last three months in Thunder Bay, 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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