With Vimy’s median house price at $114,400 in Feb , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
Vimy’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
When we look at the data we have, it can help with trying to establish whether or not Vimy is a good investment target.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Vimy will hopefully provide an indicator to help you where to research in-depth
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 Vimy have stayed pretty much the same which would tend to indicate that demand is steady.