Vermilion Bay was Canada’s 5028th most expensive suburb by listed median house price this month.
The median house price listed in Vermilion Bay this month is $69,000.
Vermilion Bay’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
When we look at the data we have, it can help with trying to establish whether or not Vermilion Bay is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Vermilion Bay will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Vermilion Bay, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.