Canada’s national median home listing price this month is $290,900, which means that Terence Bay is close to average for Canada.
With Terence Bay’s median house price at $229,900 in Aug , it is above average compared to the rest of Nova Scotia.
Nova Scotia has the fifth most amount of properties available to property investors, with Terence Bay having 121th most in the province, out of a total of 825.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Terence 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 fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Can we guarantee how well Terence Bay is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Terence Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.