There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Villeray will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Villeray there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Villeray was Canada’s 658th most expensive suburb by listed median house price this month.
The median house price listed in Villeray this month is $185,000.
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.
From our data, it appears that neighbourhood is number 107th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
Will prices rise across the next year in in Villeray? There are a number of real estate indicators to consider.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.