Across the country as a whole, Chapais is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Chapais’s median house price at $104,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Quebec.
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.
Quebec has the second most amount of properties available to property investors, with Chapais having 499th most in the province, out of a total of 1047.
It’s never an exact art, but to try to forecast how property is going to appreciate in Chapais for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Chapais there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
When our research team crunched the numbers we calculated that Chapais has a median home price of $72,000.
This month we track 373th neighbourhoods in Quebec, and Chapais has the 373th most choice available for real estate investors.
Is Chapais a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Chapais, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.