Across the nation CREW lists data for 5162 neighbourhoods, and this month Notre-Dame-de-la-Merci is number 3676 putting it in the bottom half of the country .
While the median for Quebec is $224,900 , which means that Notre-Dame-de-la-Merci’s median price is $160,250 below average than the rest of the province.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Quebec Notre-Dame-de-la-Merci has the 195th most properties on offer with 1047.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Notre-Dame-de-la-Merci will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Notre-Dame-de-la-Merci there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Notre-Dame-de-la-Merci a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.