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.
Wabigoon Home Price
Canada’s national median home listing price this month is $290,900, which means that Wabigoon is close to average for Canada.
In Aug the median listed house price of $219,000 in Wabigoon was relatively low 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.
Is Wabigoon a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Wabigoon, housing stock available seems to be falling – this could mean that homes values might increase faster.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Wabigoon for investors, it’s important to look at data like:
If you are looking at investment properties in Wabigoon, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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