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.
West Grey Home Price
When looking across the province, West Grey is the 244th most expensive in Ontario.
The median house price listed in West Grey this month is $449,000.
How big are the houses being sold in West Grey? This month there are 2 one bedroom 6 two bedroom 33 three bedroom 6 four bedroom 4 five bedroom homes on the market.
There are 1145 neighbourhoods that have more properties on sale than West Grey at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, West Grey needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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.
Can we guarantee how well West Grey is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in West Grey 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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