Port-Cartier was Canada’s 3320th most expensive suburb by listed median house price this month.
The $179,000 price tag on the median Port-Cartier home means that it is below the national norm.
Investors looking for properties in Port-Cartier are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
The number of homes for sale this month in the neighbourhood is close to last month at 1047 in Aug .
Is Port-Cartier a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Port-Cartier, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 101, this month we show 97.
When looking across the province, Port-Cartier is the 154th most expensive in Quebec.
Port-Cartier, Quebec has a median house price of $206,000 when compiling all the home listings in Aug .
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Port-Cartier has a pretty average amount compared to the rest of the province
As one of Quebec’s many potential real estate investment neighbourhoods, Port-Cartier 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 Port-Cartier, 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.