Recognizing two issues in the market, one of our top investors found a new way to make things work.
Lac-Saint-Joseph Home Price
When looking across the province, Lac-Saint-Joseph is the 2nd most expensive in Quebec.
With Lac-Saint-Joseph’s median house price at $995,000 in Aug , it is high priced compared to the rest of Quebec.
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.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Lac-Saint-Joseph has a pretty average amount compared to the rest of the province
Is Lac-Saint-Joseph a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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-Saint-Joseph have increased which would tend to indicate that demand is not as high as supply.
When we look at the data we have, it can help with trying to establish whether or not Lac-Saint-Joseph is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lac-Saint-Joseph there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media