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.
Foothills Home Price
Foothills was Canada’s 72th most expensive suburb by listed median house price this month.
The median house price listed in Foothills this month is $950,000.
There are 339 neighbourhoods that have more properties on sale than Foothills at the moment in Alberta which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Foothills there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Foothills will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Foothills 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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