Across the country as a whole, Back Bay is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Back Bay this month is $114,500.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 2904th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
It’s never an exact art, but to try to forecast how property is going to appreciate in Back Bay 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 Back Bay have increased which would tend to indicate that demand is not as high as supply.
When we look at the data we have, it can help with trying to establish whether or not Back Bay is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Back Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.