Across the country as a whole, Wynndel is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for British Columbia is $519,000 , which means that Wynndel’s median price is $449,000 considerably better than the rest of the province.
Wynndel’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Wynndel has a pretty average amount compared to the rest of the province
As one of British Columbia’s many potential real estate investment neighbourhoods, Wynndel 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Wynndel there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Wynndel 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Wynndel have stayed pretty much the same which would tend to indicate that demand is steady.