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.
Trent Hills Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Trent Hills is number 1267 putting it ahead of most neighbourhoods .
With Trent Hills’s median house price at $319,900 in Aug , it is about average compared to the rest of Ontario.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
This month we track 152th neighbourhoods in Ontario, and Trent Hills has the 152th most choice available for real estate investors.
Is Trent Hills a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Trent Hills there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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