According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Brickton Home Price
The median asking price in Brickton is $109,900, quite a drop from the median three months ago which was $77,400 .
With Brickton’s median house price at $109,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
There are 825 neighbourhoods that have more properties on sale than Brickton at the moment in Nova Scotia which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Brickton is a good investment target.
Over the last three months in Brickton, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Brickton there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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