Lake Cowichan, British Columbia has a median house price of $269,900 when compiling all the home listings in Aug .
Investors looking for properties in Lake Cowichan are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
This month we track 87th neighbourhoods in British Columbia, and Lake Cowichan has the 87th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lake Cowichan will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lake Cowichan there is more stock than three months ago. This would indicate pressure on prices easing.
Across the country as a whole, Lake Cowichan is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Lake Cowichan has a median home price of $259,000.
According to our stats, Lake Cowichan is the neighbourhood that has the 84th most properties available to real estate investors in British Columbia.
Can we guarantee how well Lake Cowichan 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.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Lake Cowichan, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 6.