Cedar Lake, NS

Across the country as a whole, Cedar Lake is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

While the median for Nova Scotia is $232,500 , which means that Cedar Lake’s median price is $136,750 a lot lower than the rest of the province.

This month we track 323th neighbourhoods in Nova Scotia, and Cedar Lake has the 323th most choice available for real estate investors.

Can we guarantee how well Cedar Lake 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.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Cedar Lake, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.