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.
Kinistino Home Price
Across the country as a whole, Kinistino is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $299,000 in Kinistino was an impressive compared to the rest of Saskatchewan.
Saskatchewan has the sixth most amount of properties available to property investors, with Kinistino having 150th most in the province, out of a total of 357.
It’s never an exact art, but to try to forecast how property is going to appreciate in Kinistino for investors, it’s important to look at data like:
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Kinistino, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 7.
Can we guarantee how well Kinistino 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.
In Kinistino, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media