Grande Prairie was Canada’s 1063th most expensive suburb by listed median house price this month.

While the median for Alberta is $375,000 , which means that Grande Prairie’s median price is $349,000 considerably better than the rest of the province.

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.

Alberta has the fourth most amount of properties available to property investors, with Grande Prairie having 160th most in the province, out of a total of 339.

As one of Alberta’s many potential real estate investment neighbourhoods, Grande Prairie needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

In Grande Prairie, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.