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.
Viscount Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Viscount is number 3832 putting it in the bottom half of the country .
The $152,950 price tag on the median Viscount home means that it is below the national norm.
5 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 167th neighbourhoods in Saskatchewan, and Viscount has the 167th most choice available for real estate investors.
Will prices rise across the next year in in Viscount? 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 Viscount there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
It’s never an exact art, but to try to forecast how property is going to appreciate in Viscount for investors, it’s important to look at data like:
In Viscount, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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