According to a report, the city’s apartment vacancy rate increased by 6.6% — the highest level since 2016.
Torbay Home Price
The median asking price in Torbay is $469,900, a substantial increase over the median three months ago which was $487,650 .
Torbay, Newfoundland and Labrador has a median house price of $469,900 when compiling all the home listings in Aug .
According to our stats, Torbay is the neighbourhood that has the 10th most properties available to real estate investors in Newfoundland and Labrador.
When we look at the data we have, it can help with trying to establish whether or not Torbay is a good investment target.
In Torbay, 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.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Torbay will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Torbay, 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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