Across the nation CREW lists data for 5162 neighbourhoods, and this month La Tuque is number 4432 putting it behind most of Canada .
The $119,900 price tag on the median La Tuque home means that it is very cheap in comparison to the rest of the nation.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across Quebec La Tuque has the 156th most properties on offer with 1047.
When we look at the data we have, it can help with trying to establish whether or not La Tuque is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In La Tuque, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 83, this month we show 65.
Across the country as a whole, La Tuque is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that La Tuque has a median home price of $110,000.
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.
This month we track 124th neighbourhoods in Quebec, and La Tuque has the 124th most choice available for real estate investors.
Will prices rise across the next year in in La Tuque? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in La Tuque there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.