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.
St. Benoni Home Price
Across the nation CREW lists data for 5398 neighbourhoods, and this month St. Benoni is number 4374 putting it behind most of Canada .
The median house price listed in St. Benoni this month is $130,950.
St. Benoni’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Nova Scotia has the fifth least amount of properties available to property investors, with St. Benoni having 610th most in the province, out of a total of 846.
When we look at the data we have, it can help with trying to establish whether or not St. Benoni is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in St. Benoni there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for St. Benoni will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in St. Benoni, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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