Canada’s national median home listing price this month is $309,000, which means that Cormack is close to average for Canada.
The $199,500 price tag on the median Cormack home means that it is about average price.
If you’re looking at investment properties in Cormack, then you’re most likely to find homes with 2 bedrooms on sale this month.
According to our stats, Cormack is the neighbourhood that has the 98th most properties available to real estate investors in Newfoundland and Labrador.
It’s never an exact art, but to try to forecast how property is going to appreciate in Cormack for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Cormack there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.