Canada’s national median home listing price this month is $290,900, which means that South Side is in the cheapest 20% for Canada.
With South Side’s median house price at $129,000 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then South Side has a pretty average amount compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in South Side for investors, it’s important to look at data like:
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 South Side have dried up which would tend to indicate that demand is higher than the supply of new properties.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for South Side will hopefully provide an indicator to help you where to research in-depth
In South Side, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.