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.
Kingsboro Home Price
Across the country as a whole, Kingsboro is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Kingsboro this month is $171,950.
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.
Prince Edward Island has the fourth least amount of properties available to property investors, with Kingsboro having 125th most in the province, out of a total of 198.
When we look at the data we have, it can help with trying to establish whether or not Kingsboro is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Kingsboro have stayed pretty much the same which would tend to indicate that demand is steady.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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