Across the country as a whole, Ponoka is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Alberta is $259,000 , which means that Ponoka’s median price is $237,500 better than average than the rest of the province.
Ponoka’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 3 bedrooms.
From our data, it appears that neighbourhood is number 384th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
As one of Alberta’s many potential real estate investment neighbourhoods, Ponoka 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.
If you are looking at investment properties in Ponoka, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.