Canada’s national median home listing price this month is $290,900, which means that New Waterford is in the cheapest 20% for Canada.
The median house price listed in New Waterford this month is $89,900.
Nova Scotia has the fifth most amount of properties available to property investors, with New Waterford having 57th most in the province, out of a total of 825.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, New Waterford 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.
If you are looking at investment properties in New Waterford, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
When we look at the data we have, it can help with trying to establish whether or not New Waterford is a good investment target.