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.
Victoria Harbour Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Victoria Harbour is number 1212 putting it ahead of most neighbourhoods .
With Victoria Harbour’s median house price at $325,450 in Aug , it is about average compared to the rest of Ontario.
Victoria Harbour’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 4 bedrooms.
Will prices rise across the next year in in Victoria Harbour? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Victoria Harbour there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Victoria Harbour for investors, it’s important to look at data like:
Over the last three months in Victoria Harbour, 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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