Canada’s national median home listing price this month is $290,900, which means that Lardeau is in the top 20% for Canada.
With Lardeau’s median house price at $624,499 in Aug , it is high priced compared to the rest of British Columbia.
When we look at the data we have, it can help with trying to establish whether or not Lardeau is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Lardeau a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Lardeau there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.