Recognizing two issues in the market, one of our top investors found a new way to make things work.
Whitehorse Home Price
Whitehorse was Canada’s 731th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Whitehorse has a median home price of $402,000.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Whitehorse has a huge choice compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Whitehorse is a good investment target.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Canada’s national median home listing price this month is $244,900, which means that Whitehorse is in the top 20% for Canada.
With Whitehorse’s median house price at $314,250 in Aug , it is high priced compared to the rest of Yukon.
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.
Is Whitehorse a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Whitehorse, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 33, this month we show 20.
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