Canada’s national median home listing price this month is $290,900, which means that Mill Bay is in the top 20% for Canada.
In Aug the median listed house price of $619,900 in Mill Bay was an impressive compared to the rest of British Columbia.
Can we guarantee how well Mill Bay 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.
In Mill Bay, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Is Mill Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.