Canada’s national median home listing price this month is $310,000, which means that Northfield is in the bottom 40% for Canada.
The $174,500 price tag on the median Northfield home means that it is below the national norm.
Nova Scotia has the fifth most amount of properties available to property investors, with Northfield having 454th most in the province, out of a total of 638.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Northfield will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Northfield there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
It’s never an exact art, but to try to forecast how property is going to appreciate in Northfield for investors, it’s important to look at data like:
Over the last three months in Northfield, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.