Canada’s national median home listing price this month is $309,000, which means that Trepassey is in the cheapest 20% for Canada.
When our research team crunched the numbers we calculated that Trepassey has a median home price of $59,900.
From our data, it appears that neighbourhood is number 3849th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Trepassey 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.
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 Trepassey have stayed pretty much the same which would tend to indicate that demand is steady.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Trepassey 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 Trepassey there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.