According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Douglas Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Douglas is number 2192 putting it in the top half of the country .
The $242,200 price tag on the median Douglas home means that it is about average price.
If you’re looking at investment properties in Douglas, then you’re most likely to find homes with 3 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 1472th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
Is Douglas a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Douglas, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
It’s never an exact art, but to try to forecast how property is going to appreciate in Douglas for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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