Across the country as a whole, McBride is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
McBride, British Columbia has a median house price of $222,000 when compiling all the home listings in Aug .
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.
Across British Columbia McBride has the 123th most properties on offer with 359.
Can we guarantee how well McBride 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in McBride there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
As one of British Columbia’s many potential real estate investment neighbourhoods, McBride 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.