Canada’s national median home listing price this month is $310,000, which means that Oakburn is in the cheapest 20% for Canada.
With Oakburn’s median house price at $49,000 in Jun , it is one of the cheapest neighbourhoods compared to the rest of Manitoba.
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 Manitoba Oakburn has the 127th most properties on offer with 240.
Will prices rise across the next year in in Oakburn? There are a number of real estate indicators to consider.
In Oakburn, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
Is Oakburn a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Oakburn, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.