Want a cheaply priced house? Then at $196,900 this month, Lower Truro, Nova Scotia is a possibility for you price wise.
Nova Scotia has the fifth most amount of properties available to property investors, with Lower Truro having 323th most in the province, out of a total of 825.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lower Truro for investors, it’s important to look at data like:
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Lower Truro, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 2, this month we show 4.
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.
Can we guarantee how well Lower Truro 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Lower Truro have stayed pretty much the same which would tend to indicate that demand is steady.