Toronto’s construction noise regulations are back in effect with construction start times limited to certain hours of the day.
Lockport Home Price
Lockport was Canada’s 726th most expensive suburb by listed median house price this month.
With Lockport’s median house price at $404,900 in Aug , it is high priced compared to the rest of Manitoba.
From our data, it appears that neighbourhood is number 2268th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lockport will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
The median asking price in Lockport is $284,900, an improvement on the median three months ago which was $262,400 .
The $284,900 price tag on the median Lockport home means that it is above the cost of most houses in the country.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Lockport is the neighbourhood that has the 9th most properties available to real estate investors in Manitoba.
When we look at the data we have, it can help with trying to establish whether or not Lockport 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 Lockport there is more stock than three months ago. This would indicate pressure on prices easing.
“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