Port Clements was Canada’s 4762th most expensive suburb by listed median house price this month.
With Port Clements’s median house price at $96,400 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.
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.
There are 359 neighbourhoods that have more properties on sale than Port Clements at the moment in British Columbia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Port Clements is a good investment target.
Over the last three months in Port Clements, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
As one of British Columbia’s many potential real estate investment neighbourhoods, Port Clements 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Port Clements there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.