Canada’s national median home listing price this month is $290,900, which means that Tourville is in the cheapest 20% for Canada.
Tourville, Quebec has a median house price of $84,900 when compiling all the home listings in Aug .
This month we track 746th neighbourhoods in Quebec, and Tourville has the 746th most choice available for real estate investors.
As one of Quebec’s many potential real estate investment neighbourhoods, Tourville 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Tourville, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 7, this month we show 7.
Can we guarantee how well Tourville is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Tourville there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.