Canada’s national median home listing price this month is $290,900, which means that Piney is in the bottom 40% for Canada.
While the median for Manitoba is $264,900 , which means that Piney’s median price is $139,900 a lot lower than the rest of the province.
When we look at the data we have, it can help with trying to establish whether or not Piney is a good investment target.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Manitoba has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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 Piney have stayed pretty much the same which would tend to indicate that demand is steady.