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.
Mundleville Home Price
Across the country as a whole, Mundleville is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for New Brunswick is $169,900 , which means that Mundleville’s median price is $129,900 a lot lower than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Across New Brunswick Mundleville has the 224th most properties on offer with 421.
Will prices rise across the next year in in Mundleville? There are a number of real estate indicators to consider.
In Mundleville, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
When we look at the data we have, it can help with trying to establish whether or not Mundleville is a good investment target.
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.
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