Canada’s national median home listing price this month is $290,900, which means that Springfield is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Springfield has a median home price of $67,500.
Across Nova Scotia Springfield has the 264th most properties on offer with 825.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Springfield there is more stock than three months ago. This would indicate pressure on prices easing.
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.
Is Springfield a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Springfield, 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.