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.
Viceroy Home Price
When our research team crunched the numbers we calculated that Viceroy has a median home price of $179,000.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 4291th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Will prices rise across the next year in in Viceroy? There are a number of real estate indicators to consider.
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 Viceroy have stayed pretty much the same which would tend to indicate that demand is steady.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Viceroy will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Viceroy, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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