Across the nation CREW lists data for 4742 neighbourhoods, and this month Bay Fortune is number 3621 putting it behind most of Canada .
The $144,500 price tag on the median Bay Fortune home means that it is below the national norm.
From our data, it appears that neighbourhood is number 3937th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Bay Fortune will hopefully provide an indicator to help you where to research in-depth
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.
Is Bay Fortune a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Bay Fortune there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.