Across the country as a whole, Chipman Brook is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Chipman Brook’s median house price at $132,450 in Jun , it is one of the cheapest neighbourhoods 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.
From our data, it appears that neighbourhood is number 4155th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 40.
Can we guarantee how well Chipman Brook 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Chipman Brook have stayed pretty much the same which would tend to indicate that demand is steady.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Chipman Brook 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.