Across the country as a whole, Ellison is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $334,450 price tag on the median Ellison home means that it is above the cost of most houses in the country.
This month we track 325th neighbourhoods in British Columbia, and Ellison has the 325th most choice available for real estate investors.
When we look at the data we have, it can help with trying to establish whether or not Ellison is a good investment target.
In Ellison, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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 Ellison 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 Ellison have stayed pretty much the same which would tend to indicate that demand is steady.