If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Lac-Chicobi Home Price
Across the country as a whole, Lac-Chicobi is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Oct the median listed house price of $89,250 in Lac-Chicobi was relatively low compared to the rest of Quebec.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Oct this neighbourhood’s most common listing the same as the national average.
Across Quebec Lac-Chicobi has the 1024th most properties on offer with 1071.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lac-Chicobi for investors, it’s important to look at data like:
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lac-Chicobi have stayed pretty much the same which would tend to indicate that demand is steady.
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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