Experts have indicated Canada will need to build millions more homes in the next 10 years to meet our growing needs. To the casual observer the problem is easy to solve: just build more homes. For those in the real estate development field, the problem is much more complicated than this.
Saint-Michel Home Price
Canada’s national median home listing price this month is $290,900, which means that Saint-Michel is close to average for Canada.
The median house price listed in Saint-Michel this month is $206,950.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
This month we track 873th neighbourhoods in Quebec, and Saint-Michel has the 873th most choice available for real estate investors.
Quebec has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Saint-Michel was Canada’s 781th most expensive suburb by listed median house price this month.
The $166,000 price tag on the median Saint-Michel home means that it is below the national norm.
This month we track 373th neighbourhoods in Quebec, and Saint-Michel has the 373th most choice available for real estate investors.
As one of Quebec’s many potential real estate investment neighbourhoods, Saint-Michel 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.
If you are looking at investment properties in Saint-Michel, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
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