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.
Elie Home Price
Across the country as a whole, Elie is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Elie’s median house price at $354,900 in Aug , it is high priced compared to the rest of Manitoba.
If you’re looking at investment properties in Elie, then you’re most likely to find homes with 3 bedrooms on sale this month.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Elie has more than the average number to choose from compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Elie for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Elie there is more stock than three months ago. This would indicate pressure on prices easing.
When we look at the data we have, it can help with trying to establish whether or not Elie is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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