Across the country as a whole, Inverness is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Inverness’s median house price at $170,000 in Aug , it is below average compared to the rest of Nova Scotia.
From our data, it appears that neighbourhood is number 1893th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Inverness 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 Inverness have dried up which would tend to indicate that demand is higher than the supply of new properties.
It’s never an exact art, but to try to forecast how property is going to appreciate in Inverness for investors, it’s important to look at data like:
If you are looking at investment properties in Inverness, 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.