Canada’s national median home listing price this month is $290,900, which means that Lac Baker is in the cheapest 20% for Canada.
While the median for New Brunswick is $169,900 , which means that Lac Baker’s median price is $135,000 a lot lower than the rest of the province.
Lac Baker’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
If you are looking at investment properties in Lac Baker, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lac Baker will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.