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.
South Nelson Home Price
Last month, South Nelson was Canada’s 3768th priciest – this month at number 3768 it’s gained 430 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
While the median for New Brunswick is $164,500 , which means that South Nelson’s median price is $93,700 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 the average number of bedrooms than the most commonly available across the nation.
Is South Nelson a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In South Nelson, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Dec this neighbourhood’s most common listing the same as the national average.
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in South Nelson there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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