Across the country as a whole, Grand Bank is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Newfoundland and Labrador is $209,000 , which means that Grand Bank’s median price is $79,900 a lot lower than the rest of the province.
Investors looking for properties in Grand Bank are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Newfoundland and Labrador has the second least amount of properties available to property investors, with Grand Bank having 38th most in the province, out of a total of 197.
Can we guarantee how well Grand Bank 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.
In Grand Bank, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
It’s never an exact art, but to try to forecast how property is going to appreciate in Grand Bank for investors, it’s important to look at data like:
Over the last three months in Grand Bank, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.