- Joined
- May 8, 2019
- Messages
- 51
Hi REIN forum members,
I started to analyze the average incomes of different cities to find areas that have real estate investment potential.
I am looking for a city or town that outperform the provincial and national market in terms of increase in average incomes.
From Statistique Québec and Statistic Canada it seems that Montreal's average income doesn't seem to increase more than the average provincial income.
Should I be looking more in the west of Canada?
Average household revenue in Quebec was $59,822 in 2015, an increase of almost nine per cent since 2005 but quite overshadowed by the 36.5-per-cent jump recorded by Saskatchewan, where average household revenue stood at $75,412 in 2015.
https://montrealgazette.com/news/lo...d-income-lags-behind-rest-of-country-statscan
Does someone can find average household revenues for different cities in Quebec more recent than 2015?
For the whole province of Québec I found this table from Statistique Québec for 2017 Average household revenue in Quebec for workers between 25-64 years old.
http://www.bdso.gouv.qc.ca/disco_la...ff_tertr=2&qp_p_id_tertr=&qp_p_session=638139
I started to analyze the average incomes of different cities to find areas that have real estate investment potential.
Demographer and futurist David Baxter, the president of the Urban Futures Institute, has studied population trends and their effect on Canadian real estate markets since 1994. One of his major discoveries has been the direct correlation of income to property values. Simply put, as average incomes increase, real estate values also move upwards. Source: Campbell, Don R.. Real Estate Investing in Canada (p. 45). Wiley. Kindle Edition.
I am looking for a city or town that outperform the provincial and national market in terms of increase in average incomes.
From Statistique Québec and Statistic Canada it seems that Montreal's average income doesn't seem to increase more than the average provincial income.
Should I be looking more in the west of Canada?
Average household revenue in Quebec was $59,822 in 2015, an increase of almost nine per cent since 2005 but quite overshadowed by the 36.5-per-cent jump recorded by Saskatchewan, where average household revenue stood at $75,412 in 2015.
https://montrealgazette.com/news/lo...d-income-lags-behind-rest-of-country-statscan
Does someone can find average household revenues for different cities in Quebec more recent than 2015?
For the whole province of Québec I found this table from Statistique Québec for 2017 Average household revenue in Quebec for workers between 25-64 years old.
http://www.bdso.gouv.qc.ca/disco_la...ff_tertr=2&qp_p_id_tertr=&qp_p_session=638139