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.
French River Home Price
When looking across the province, French River is the 90th most expensive in Prince Edward Island.
The $205,000 price tag on the median French River home means that it is about average price.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 52th neighbourhoods in Prince Edward Island, and French River has the 52th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in French River for investors, it’s important to look at data like:
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 French River, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 5.
Can we guarantee how well French River 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in French River 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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