When looking across the province, Port Moody is the 25th most expensive in British Columbia.
With Port Moody’s median house price at $998,888 in Aug , it is high priced compared to the rest of British Columbia.
Port Moody’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Port Moody will hopefully provide an indicator to help you where to research in-depth
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.
Across the country as a whole, Port Moody is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $481,850 price tag on the median Port Moody home means that it is quite highly priced by Canadian standards.
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.
According to our stats, Port Moody is the neighbourhood that has the 29th most properties available to real estate investors in British Columbia.
When we look at the data we have, it can help with trying to establish whether or not Port Moody is a good investment target.
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 Port Moody have dried up which would tend to indicate that demand is higher than the supply of new properties.