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.
Union Road Home Price
Across the country as a whole, Union Road is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $179,997 this month, Union Road, Prince Edward Island is a possibility for you price wise.
Prince Edward Island has the fourth least amount of properties available to property investors, with Union Road having 125th most in the province, out of a total of 198.
Prince Edward Island has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Union Road, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
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.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Union Road needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
If you are looking at investment properties in Union Road, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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