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.
Fosston Home Price
Fosston was Canada’s 5109th most expensive suburb by listed median house price this month.
With Fosston’s median house price at $56,950 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Saskatchewan.
There are 357 neighbourhoods that have more properties on sale than Fosston at the moment in Saskatchewan which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Fosston 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 Fosston there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Fosston a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Fosston, 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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