Across the country as a whole, Deep Brook is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $139,000 price tag on the median Deep Brook home means that it is very cheap in comparison to the rest of the nation.
According to our stats, Deep Brook is the neighbourhood that has the 150th most properties available to real estate investors in Nova Scotia.
Can we guarantee how well Deep 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 Deep Brook have increased which would tend to indicate that demand is not as high as supply.
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.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Deep 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.