Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Canavoy Home Price
Across the country as a whole, Canavoy is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Canavoy’s median house price at $412,500 in Aug , it is high priced compared to the rest of Prince Edward Island.
According to our stats, Canavoy is the neighbourhood that has the 140th most properties available to real estate investors in Prince Edward Island.
Can we guarantee how well Canavoy 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Canavoy there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Canavoy will hopefully provide an indicator to help you where to research in-depth
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