When looking across the province, Canaan is the 125th most expensive in Nova Scotia.
With Canaan’s median house price at $334,000 in Aug , it is high priced compared to the rest of Nova Scotia.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Across Nova Scotia Canaan has the 139th most properties on offer with 825.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Canaan 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.
Over the last three months in Canaan, housing stock available seems to be falling – this could mean that homes values might increase faster.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
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 Canaan, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.