Local affordability prompts multiple offers, strong competition between buyers
Cape Breton, Nova Scotia
2023 RE/MAX Cottage Trends Report
• A strong seller’s market persists across all property types due to low inventory, high demand from buyers, and a steady price point compared to other parts of the country.
• Cape Breton is known for its laid-back lifestyle, beautiful landscapes and welcoming people, as well as an abundance of properties located on the ocean or Bras d’Or Lakes, which continue to attract newcomers and particularly retirees.
• The shift to remote work has many former Cape Bretoners returning before retirement, to enjoy the local lifestyle and relative adffordability, as they prepare for retirement.
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$197,861
2023 (January-March)
average price
$171,678
2022 (January-March)
+1.15%
Year-Over-Year
-37%
Year-Over-Year
273 unit sales
2022 (January-March)
173 unit sales
2023 (January-March)
Sales stats
market outlook
Seller's market, with downward trend expected
2023 Sales Expectation
Upward trend is likely to continue
2023 Price Expectation
+1.15%
Year-Over-Year
$171,678
2022 (January-March)
$197,861
2023 (January-March)
Average price
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