Canada’s national median home listing price this month is $290,900, which means that Northern Bay is in the bottom 40% for Canada.
Northern Bay, Newfoundland and Labrador has a median house price of $154,450 when compiling all the home listings in Aug .
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Northern Bay 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.
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.
It’s never an exact art, but to try to forecast how property is going to appreciate in Northern Bay for investors, it’s important to look at data like:
If you are looking at investment properties in Northern Bay, 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.