According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Albion Home Price
When looking across the province, Albion is the 141th most expensive in Prince Edward Island.
Want a cheaply priced house? Then at $153,500 this month, Albion, Prince Edward Island is somewhere that you should look at price wise.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 63th neighbourhoods in Prince Edward Island, and Albion has the 63th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Albion will hopefully provide an indicator to help you where to research in-depth
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 Albion have increased which would tend to indicate that demand is not as high as supply.
Over the last three months in Albion, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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