Canada’s national median home listing price this month is $290,900, which means that Ardoise is in the top 20% for Canada.
With Ardoise’s median house price at $405,950 in Aug , it is high priced compared to the rest of Nova Scotia.
Across Nova Scotia Ardoise has the 114th most properties on offer with 825.
Can we guarantee how well Ardoise is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Ardoise there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
It’s never an exact art, but to try to forecast how property is going to appreciate in Ardoise for investors, it’s important to look at data like:
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.