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.
Damascus Home Price
When looking across the province, Damascus is the 228th most expensive in New Brunswick.
With Damascus’s median house price at $139,900 in Jun , it is about average compared to the rest of New Brunswick.
Across New Brunswick Damascus has the 297th most properties on offer with 414.
Is Damascus a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Damascus 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.
In Damascus, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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