Errington was Canada’s 168th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $699,400 in Errington was an impressive compared to the rest of British Columbia.
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.
Across British Columbia Errington has the 178th most properties on offer with 359.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Errington there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Errington will hopefully provide an indicator to help you where to research in-depth
In Errington, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.