Canada’s national median home listing price this month is $319,000, which means that Wood Point is in the cheapest 20% for Canada.
With Wood Point’s median house price at $85,900 in Sep , it is one of the cheapest neighbourhoods compared to the rest of New Brunswick.
New Brunswick has the sixth most amount of properties available to property investors, with Wood Point having 245th most in the province, out of a total of 448.
Can we guarantee how well Wood Point 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.
In Wood Point, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
It’s never an exact art, but to try to forecast how property is going to appreciate in Wood Point for investors, it’s important to look at data like: