Canada’s national median home listing price this month is $310,000, which means that Joffre is in the top 40% for Canada.
The $267,450 price tag on the median Joffre home means that it is above the cost of most houses in the country.
Alberta has the fourth most amount of properties available to property investors, with Joffre having 280th most in the province, out of a total of 325.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Joffre will hopefully provide an indicator to help you where to research in-depth
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 Joffre have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Alberta’s many potential real estate investment neighbourhoods, Joffre 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Joffre there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.