Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Rice Point Home Price
Across the country as a whole, Rice Point is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $419,000 price tag on the median Rice Point home means that it is quite highly priced by Canadian standards.
4 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 2904th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
It’s never an exact art, but to try to forecast how property is going to appreciate in Rice Point for investors, it’s important to look at data like:
If you are looking at investment properties in Rice Point, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Rice Point will hopefully provide an indicator to help you where to research in-depth
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 Rice Point have stayed pretty much the same which would tend to indicate that demand is steady.
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