Across the nation CREW lists data for 5162 neighbourhoods, and this month Corner Brook is number 2985 putting it in the bottom half of the country .
When our research team crunched the numbers we calculated that Corner Brook has a median home price of $195,000.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Corner Brook having 5th most in the province, out of a total of 197.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Corner Brook will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Corner Brook, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
Canada’s national median home listing price this month is $244,900, which means that Corner Brook is in the top 20% for Canada.
Want a cheaply priced house? Then at $434,000 this month, Corner Brook, Newfoundland and Labrador is probably not for you price wise.
Newfoundland and Labrador has the fourth least amount of properties available to property investors, with Corner Brook having 4th most in the province, out of a total of 13.
Newfoundland and Labrador 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.
Over the last three months in Corner Brook, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.