While the median for Quebec is $252,450 , which means that Westmount’s median price is $1,830,000 considerably better than the rest of the province.
From our data, it appears that neighbourhood is number 243th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
As one of Quebec’s many potential real estate investment neighbourhoods, Westmount 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.
Over the last three months in Westmount, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
With a median listing price of $698,000, Westmount is Canada’s 6th most expensive when ordered by median listing price.
Want a cheaply priced house? Then at $698,000 this month, Westmount, Quebec is definitely not for you price wise.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
According to our stats, Westmount is the neighbourhood that has the 61th most properties available to real estate investors in Quebec.
Will prices rise across the next year in in Westmount? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Westmount there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.