Canada’s national median home listing price this month is $290,900, which means that LaBelle is in the bottom 40% for Canada.
The median house price listed in LaBelle this month is $179,450.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for LaBelle 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 LaBelle have dried up which would tend to indicate that demand is higher than the supply of new properties.
Can we guarantee how well LaBelle is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.