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.
Mahone Bay Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Mahone Bay is number 688 putting it ahead of most neighbourhoods .
Want a cheaply priced house? Then at $417,000 this month, Mahone Bay, Nova Scotia is definitely not for you price wise.
From our data, it appears that neighbourhood is number 1350th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
Is Mahone Bay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Mahone Bay, housing stock available seems to be falling – this could mean that homes values might increase faster.
Canada’s national median home listing price this month is $244,900, which means that Mahone Bay is close to average for Canada.
In Aug the median listed house price of $219,000 in Mahone Bay was an above average compared to the rest of Nova Scotia.
Across Nova Scotia Mahone Bay has the 29th most properties on offer with 51.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Mahone Bay will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
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