Belcarra was Canada’s 11th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Belcarra has a median home price of $1,893,000.
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.
This month we track 253th neighbourhoods in British Columbia, and Belcarra has the 253th most choice available for real estate investors.
As one of British Columbia’s many potential real estate investment neighbourhoods, Belcarra 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.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Is Belcarra a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Belcarra there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.