Across the country as a whole, Lockeport is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Lockeport’s median house price at $106,500 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Nova Scotia.
This month we track 98th neighbourhoods in Nova Scotia, and Lockeport has the 98th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Lockeport for investors, it’s important to look at data like:
In Lockeport, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
When we look at the data we have, it can help with trying to establish whether or not Lockeport is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.