Baie-Comeau was Canada’s 89th most expensive suburb by listed median house price this month.
With Baie-Comeau’s median house price at $389,900 in Aug , it is high priced compared to the rest of Quebec.
Baie-Comeau’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
As one of Quebec’s many potential real estate investment neighbourhoods, Baie-Comeau 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Baie-Comeau there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.