Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Upper Canard Home Price
The $499,900 price tag on the median Upper Canard home means that it is quite highly priced by Canadian standards.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Upper Canard has more than the average number to choose from compared to the rest of the province
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Upper Canard 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.
In Upper Canard, 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.
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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