Sandy MacKay, a top local realtor from the Hamilton area, says that investors should be paying attention to the city as it has a lot to offer.
South Lake Home Price
South Lake was Canada’s 1560th most expensive suburb by listed median house price this month.
The $290,000 price tag on the median South Lake home means that it is above the cost of most houses in the country.
According to our stats, South Lake is the neighbourhood that has the 87th most properties available to real estate investors in Prince Edward Island.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for South Lake will hopefully provide an indicator to help you where to research in-depth
In South Lake, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
It’s never an exact art, but to try to forecast how property is going to appreciate in South Lake for investors, it’s important to look at data like:
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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