Charlottetown was Canada’s 253th most expensive suburb by listed median house price this month.
While the median for Prince Edward Island is $219,900 , which means that Charlottetown’s median price is $289,000 considerably better than the rest of the province.
Investors looking for properties in Charlottetown are most likely to find 2 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
There are 13 neighbourhoods that have more properties on sale than Charlottetown at the moment in Prince Edward Island which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Charlottetown will hopefully provide an indicator to help you where to research in-depth
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.