Ymir was Canada’s 518th most expensive suburb by listed median house price this month.
The $464,500 price tag on the median Ymir home means that it is quite highly priced by Canadian standards.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
British Columbia has the third most amount of properties available to property investors, with Ymir having 257th most in the province, out of a total of 359.
When we look at the data we have, it can help with trying to establish whether or not Ymir is a good investment target.
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 Ymir have increased which would tend to indicate that demand is not as high as supply.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
As one of British Columbia’s many potential real estate investment neighbourhoods, Ymir 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Ymir there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.