Canada’s national median home listing price this month is $290,900, which means that Gabriola Island is in the top 20% for Canada.
While the median for British Columbia is $519,000 , which means that Gabriola Island’s median price is $484,000 considerably better than the rest of the province.
Investors looking for properties in Gabriola Island are most likely to find 2 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Across British Columbia Gabriola Island has the 118th most properties on offer with 359.
It’s never an exact art, but to try to forecast how property is going to appreciate in Gabriola Island for investors, it’s important to look at data like:
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 Gabriola Island have dried up which would tend to indicate that demand is higher than the supply of new properties.
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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.