Canada’s national median home listing price this month is $290,900, which means that Czar is in the cheapest 20% for Canada.
With Czar’s median house price at $110,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Czar has fewer than average compared to the rest of the province
Can we guarantee how well Czar is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Czar, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Czar 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 Czar have stayed pretty much the same which would tend to indicate that demand is steady.