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.
Cap-de-la-Madeleine Home Price
With a median listing price of $125,000, Cap-de-la-Madeleine is Canada’s 3448th most expensive when ordered by median listing price.
Want a cheaply priced house? Then at $125,000 this month, Cap-de-la-Madeleine, Quebec do not consider price wise.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
The number of homes for sale this month in the neighbourhood is close to last month at 1067 in Dec .
Will prices rise across the next year in in Cap-de-la-Madeleine? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
The median asking price in Cap-de-la-Madeleine is $98,950, quite a drop from the median three months ago which was $149,000 .
While the median for Quebec is $244,900 , which means that Cap-de-la-Madeleine’s median price is $98,950 a lot lower than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
According to our stats, Cap-de-la-Madeleine is the neighbourhood that has the 272th most properties available to real estate investors in Quebec.
When we look at the data we have, it can help with trying to establish whether or not Cap-de-la-Madeleine is a good investment target.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media