Sandy MacKay, a top local realtor from the Hamilton area, says that investors should be paying attention to the city as it has a lot to offer.
Moncton Home Price
Across the country as a whole, Moncton is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
In Aug the median listed house price of $178,900 in Moncton was an above average compared to the rest of New Brunswick.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Moncton has a huge choice compared to the rest of the province
Will prices rise across the next year in in Moncton? There are a number of real estate indicators to consider.
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 Moncton, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 845, this month we show 765.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Moncton is number 786 putting it in the bottom half of the country .
The median house price listed in Moncton this month is $164,900.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 45th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
It’s never an exact art, but to try to forecast how property is going to appreciate in Moncton for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Corresponding census subdivisions are provided for the following place names where data is not available.
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