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.
Bedeque Home Price
Across the country as a whole, Bedeque is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Prince Edward Island is $179,600 , which means that Bedeque’s median price is $176,500 below average than the rest of the province.
There are 218 neighbourhoods that have more properties on sale than Bedeque at the moment in Prince Edward Island which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Can we guarantee how well Bedeque 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.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When we look at the data we have, it can help with trying to establish whether or not Bedeque is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bedeque there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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