Monte Lake was Canada’s 1031th most expensive suburb by listed median house price this month.
The $349,900 price tag on the median Monte Lake home means that it is above the cost of most houses in the country.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Monte Lake is the neighbourhood that has the 245th most properties available to real estate investors in British Columbia.
As one of British Columbia’s many potential real estate investment neighbourhoods, Monte Lake 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.
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 Monte Lake have increased which would tend to indicate that demand is not as high as supply.
Is Monte Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.