Canada’s national median home listing price this month is $290,900, which means that Foremost is in the cheapest 20% for Canada.
With Foremost’s median house price at $80,500 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
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 339 neighbourhoods that have more properties on sale than Foremost at the moment in Alberta which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
Will prices rise across the next year in in Foremost? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When we look at the data we have, it can help with trying to establish whether or not Foremost is a good investment target.
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.