Across the country as a whole, Lourdes is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Lourdes’s median house price at $109,450 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Newfoundland and Labrador.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Lourdes has not many at all compared to the rest of the province
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Lourdes 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 Lourdes there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Lourdes a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Lourdes have stayed pretty much the same which would tend to indicate that demand is steady.