Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Love Home Price
Canada’s national median home listing price this month is $290,900, which means that Love is in the bottom 40% for Canada.
When our research team crunched the numbers we calculated that Love has a median home price of $149,500.
There are 357 neighbourhoods that have more properties on sale than Love at the moment in Saskatchewan which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Is Love a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Love have increased which would tend to indicate that demand is not as high as supply.
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”