Canada’s national median home listing price this month is $290,900, which means that Grand Bay is close to average for Canada.
When our research team crunched the numbers we calculated that Grand Bay has a median home price of $214,500.
Investors looking for properties in Grand Bay are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Across New Brunswick Grand Bay has the 112th most properties on offer with 421.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Grand Bay will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Grand Bay 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.
In Grand Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.