Across the country as a whole, Renews is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $162,450 this month, Renews, Newfoundland and Labrador is somewhere that you should look at price wise.
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.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Renews 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Renews there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.