Chibougamau was Canada’s 2302th most expensive suburb by listed median house price this month.
The $234,900 price tag on the median Chibougamau home means that it is about average price.
If you’re looking at investment properties in Chibougamau, then you’re most likely to find homes with 4 bedrooms on sale this month.
As one of Quebec’s many potential real estate investment neighbourhoods, Chibougamau 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.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Across the country as a whole, Chibougamau is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Quebec is $198,000 , which means that Chibougamau’s median price is $185,000 below average than the rest of the province.
This month we track 318th neighbourhoods in Quebec, and Chibougamau has the 318th most choice available for real estate investors.
Quebec has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
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.