Across the nation CREW lists data for 5207 neighbourhoods, and this month Halifax is number 1004 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Halifax has a median home price of $366,950.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
Across Nova Scotia Halifax has the 1st most properties on offer with 792.
It’s never an exact art, but to try to forecast how property is going to appreciate in Halifax for investors, it’s important to look at data like:
If you are looking at investment properties in Halifax, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
Halifax was Canada’s 170th most expensive suburb by listed median house price this month.
The $299,000 price tag on the median Halifax home means that it is quite highly priced by Canadian standards.
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.
When we look at the data we have, it can help with trying to establish whether or not Halifax is a good investment target.
Over the last three months in Halifax, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.