When looking across the province, Inuvik is the 1st most expensive in Northwest Territories.
In Jun the median listed house price of $127,000 in Inuvik was an impressive compared to the rest of Northwest Territories.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
This month we track 1st neighbourhoods in Northwest Territories, and Inuvik has the 1st most choice available for real estate investors.
Is Inuvik a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Inuvik, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
It’s never an exact art, but to try to forecast how property is going to appreciate in Inuvik for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Inuvik there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.