Lion Heart

Hi guys!

Just come back from a 4,500km reccie of New Brunswick and Nova Scotia. One of the only area's we wanted but did not get to was New Glasgow in Nova Scotia...

It comes up for us as we're looking at buying rental properies (four plex and up) and New Glasgow keeps coming up as very good value on realtor.ca

Not meaning to be rude to anyone who lives there lol, but is it a hole???

Partially discharged

I don't think I've been but this may give you some facts.

https://en.wikipedia.org/wiki/New_Glasgow,_Nova_Scotia

A declining population and job losses doesn't make me think that the Real Housewives will make New Glasgow their next location.

Bubbles from Trailer Park Boys was born there so that is something.

dbd33

I have been there. I thought it smelly and rundown. There is a poster here who lives in New Glasgow who can paint a prettier picture.

Tangram

I think they moved

magnumpi

Thai article says it’s ok

https://atlantic.ctvnews.ca/mobile/i...k-so-1.1743949

BristolUK

Cookie I believe.

Lion Heart

Wow, yes it does.

Guess I didn't miss much there afterall!

The wanderer.

I drove there once to look at properties didn't take long to turn around and start driving away.

MarkG

As a general rule of thumb, if house prices are cheap, it's because people don't want to live there.

But as remote working becomes ever easier, I suspect a lot of us are going to leave the cities in the next few years. So it may not be a bad idea in the long term.

magnumpi

I agree, to a point, for some places, but could it not be said that prices are better for people to buy and live a better life where as prices in let’s say Toronto are just well over inflated ?

MarkG

Sure, but being a landlord in a place where people don't want to live probably isn't a great business model. It may still work out if prices are cheap enough, but it's likely to be harder than renting places in a town where people do want to live.

Certainly rents here doubled during the housing boom of 2007, as house prices exploded and vacancy rates dropped close to zero.

magnumpi

The OP should look at Fredericton, Moncton or Halifax for rentals as the property prices are slightly higher but cheap compared to Montreal Vancouver or Toronto and still liveable cities

I know I have been thru the whole price v place search and found Cornwall ON to be liveable yet affordable

BristolUK

Important though to differentiate between cheap and simply cheaper than crazily expensive.