Errington was Canada’s 88th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Errington has a median home price of $769,350.
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.
There are 362 neighbourhoods that have more properties on sale than Errington at the moment in British Columbia which puts the neighbourhood middle range when looking at the number of properties to choose from.
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
If you are looking at investment properties in Errington, 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.
As one of British Columbia’s many potential real estate investment neighbourhoods, Errington 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.
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.