Mallaig was Canada’s 1263th most expensive suburb by listed median house price this month.
The $320,750 price tag on the median Mallaig home means that it is above the cost of most houses in the country.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mallaig for investors, it’s important to look at data like:
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 Mallaig have stayed pretty much the same which would tend to indicate that demand is steady.
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.
As one of Alberta’s many potential real estate investment neighbourhoods, Mallaig 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.