Toronto’s construction noise regulations are back in effect with construction start times limited to certain hours of the day.
Cardigan Home Price
The median asking price in Cardigan is $106,000, quite a drop from the median three months ago which was $124,950 .
In Aug the median listed house price of $106,000 in Cardigan was relatively low compared to the rest of Prince Edward Island.
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, Cardigan is the neighbourhood that has the 52th most properties available to real estate investors in Prince Edward Island.
Can we guarantee how well Cardigan 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Cardigan, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 4, this month we show 5.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cardigan 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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