Across the country as a whole, Mont-Carmel is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Mont-Carmel’s median house price at $122,450 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Quebec.
Investors looking for properties in Mont-Carmel are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
This month we track 523th neighbourhoods in Quebec, and Mont-Carmel has the 523th most choice available for real estate investors.
As one of Quebec’s many potential real estate investment neighbourhoods, Mont-Carmel 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Mont-Carmel, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 11, this month we show 14.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Mont-Carmel will hopefully provide an indicator to help you where to research in-depth
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.