If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Kimberley Home Price
Across the country as a whole, Kimberley is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Kimberley this month is $524,900.
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.
From our data, it appears that neighbourhood is number 3618th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.
Ontario 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.
Over the last three months in Kimberley, housing stock available seems to be falling – this could mean that homes values might increase faster.
As one of Ontario’s many potential real estate investment neighbourhoods, Kimberley 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.
Over the last three months in Kimberley, 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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