Across the country as a whole, Belmont is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Belmont’s median house price at $95,400 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
This month we track 206th neighbourhoods in Nova Scotia, and Belmont has the 206th most choice available for real estate investors.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
In Belmont, 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.
Is Belmont a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.