Canada’s national median home listing price this month is $290,900, which means that Hastings is in the bottom 40% for Canada.
With Hastings’s median house price at $184,900 in Aug , it is about average compared to the rest of Nova Scotia.
Nova Scotia has the fifth most amount of properties available to property investors, with Hastings having 587th most in the province, out of a total of 825.
When we look at the data we have, it can help with trying to establish whether or not Hastings is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Hastings there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Hastings will hopefully provide an indicator to help you where to research in-depth
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.