Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
Granisle Home Price
Canada’s national median home listing price this month is $290,900, which means that Granisle is in the cheapest 20% for Canada.
With Granisle’s median house price at $85,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of British Columbia.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Granisle has fewer than average compared to the rest of the province
As one of British Columbia’s many potential real estate investment neighbourhoods, Granisle 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.
In Granisle, 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.
The median asking price in Granisle is $27,450, quite a drop from the median three months ago which was $27,950 .
The $27,450 price tag on the median Granisle home means that it is very cheap in comparison to the rest of the nation.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 1.
According to our stats, Granisle is the neighbourhood that has the 84th most properties available to real estate investors in British Columbia.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Granisle will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Granisle, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2023 Canadian Estate Wealth. All Rights Reserved by Merged Media