Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Thode Home Price
Thode was Canada’s 443th most expensive suburb by listed median house price this month.
While the median for Saskatchewan is $269,900 , which means that Thode’s median price is $494,900 considerably better than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 357 neighbourhoods that have more properties on sale than Thode at the moment in Saskatchewan which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Thode 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Thode there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When we look at the data we have, it can help with trying to establish whether or not Thode 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 Thode have stayed pretty much the same which would tend to indicate that demand is steady.
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