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.
Fortune Home Price
Canada’s national median home listing price this month is $290,900, which means that Fortune is in the cheapest 20% for Canada.
While the median for Newfoundland and Labrador is $209,000 , which means that Fortune’s median price is $79,900 a lot lower than the rest of the province.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Fortune having 98th most in the province, out of a total of 197.
It’s never an exact art, but to try to forecast how property is going to appreciate in Fortune for investors, it’s important to look at data like:
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 Fortune have stayed pretty much the same which would tend to indicate that demand is steady.
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