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.
Albany Home Price
Canada’s national median home listing price this month is $290,900, which means that Albany is in the bottom 40% for Canada.
The median house price listed in Albany this month is $147,450.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
This month we track 63th neighbourhoods in Prince Edward Island, and Albany has the 63th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Albany for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Albany will hopefully provide an indicator to help you where to research in-depth
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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