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.
Faro Home Price
With a median listing price of $121,250, Faro is Canada’s 4334th most expensive when ordered by median listing price.
With Faro’s median house price at $121,250 in Jun , it is below average compared to the rest of Yukon.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
Across Yukon Faro has the 3rd most properties on offer with 4.
Yukon has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Faro for investors, it’s important to look at data like:
Over the last three months in Faro, 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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