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Halifax Real Estate News - 2022 Review

1/4/2023

 
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Halifax Real Estate News


Compliments of the Andrew Perkins Real Estate Team

Issue 2.12 - 2022 Review
 
Happy New Year!

2022 was indeed an interesting year in the Halifax Real Estate Market. While many buyers sat on the sidelines watching interest rates rise and hoping prices would drop, both rates and prices continued to climb. The inventory over the year never crossed more than 850 listings for sale, which is extremely low. We only have 548 homes, condos and duplexes for sale in Halifax and surrounding areas, currently. With extremely low inventory, and not looking like that will change anytime soon, we expect prices to remain stable if not go up again in 2023. Below is a graph that should give you a better idea of the Halifax Market and its direction in 2023.
 

It’s clear that when inventory remains low, prices rise. Even with fewer sales in 2022, prices did not plummet. It will be interesting to see if 2023 follows a similar trend to the past three years: low inventory, fewer (and faster) sales, and increasing prices.

Contact us if you want a market analysis of your property. We can prepare one quickly, which is at no cost or obligation to you. If you consider buying in 2023, we would love to assist you on your journey. It is more important than ever to have an experienced team of REALTORS
® on your side. 

Wishing you all the best in 2023!
Free Home Evaluation!


Halifax News


 
Ensuring housing market remains available to Canadians

The Prohibition on the Purchase of Residential Property by Non-Canadians Act prevents non-Canadians from buying residential property in Canada for 2 years starting on January 1, 2023.

Continue Reading >>
 
Home listings worth more than $1M triple in Nova Scotia since 2017

The number of homes listed for more than $1 million in Nova Scotia has tripled in the last five years as the provincial real estate market heated up. Some of that increase is due to...

Continue Reading>>
 
Halifax gets first look at proposed regulations for Airbnbs

Halifax councillors are applauding municipal changes to better regulate short-term rentals like Airbnbs, but some are calling for more details before moving forward. On Tuesday, staff presented...

Continue Reading>>
 
Nova Scotia REALTORS® oppose new federal law on non-resident homebuying

Nova Scotia REALTORS® say a new federal law that bans non-Canadian citizens from buying a home will only slow down an already-slow housing market...

Continue Reading>>
 
Nova Scotia beefs up Heating Assistance Rebate Program (update)

HALIFAX — Nova Scotia’s premier announced a new $115.4-million funding package Wednesday aimed at helping low- and middle-income earners with inflation. The bulk of the one-time...

Continue Reading>>
 
StatCan data reveals 2,100 Canadians moved to Nova Scotia to work from home

Nova Scotia’s net gain of 2,100 Canadians who moved here to work from home is a good thing, says Halifax Partnership chief economist Ian Munro...

Continue Reading>>
 


Thank You
2022 Clients!


 
Above is a short video showcasing all of the properties we were able to help families buy and sell this past year. Without our amazing clients, we would not be able to succeed in the business that we love. We thank you all for working with us this past year, and we are eager to see what 2023 brings!
 


Halifax Real Estate Market
November 2022


 

There are only 682 active listings in all of Halifax. With a population of 500,000, this is sure to put pressure on the market...

 
Tell Me More!


Current Listings


 


Recently Sold by the
Andrew Perkins Real Estate Team


 


Current Mortgage Rates

Courtesy of Neil Keeping with
The Mortgage Group

 

Call Neil Today to Talk All Things Mortgage!
902-402-3505
 
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Recent Blog Articles


 
 
Let's Talk Property Deeds



It used to be that all you had to do to sell your house was give the buyer a handful of dirt from the property and say a few legal words in front of witnesses to symbolize the transfer. How times have changed! Nowadays, there is an entire selling process, lawyers and fees needed to complete a real estate transaction.


Continue Reading >>


Condos versus Co-ops, What's the Difference?


When it comes to purchasing property, there are many different routes you can take. With the increasing prices in the Halifax Real Estate Market, and the competitive nature of single-family home purchasing, buyers are considering condos and co-ops now more than ever before...


Continue Reading >>


Thinking of moving to Halifax?


 


One of the hardest parts about moving to a city that you are unfamiliar with is picking which part of the city you will call home.


It can feel overwhelming browsing through so many unfamiliar neighbourhoods, schools, clinics and shops. You almost wish that there was a guide to each city, breaking down its most appealing attributes, exploring its unique characteristics, and narrowing down the choices for you.

We are positive that you are not the only one looking for guidance.

This is why we developed this FREE and comprehensive e-book detailing everything you need to know about relocating to Halifax, Nova Scotia.

 

I want my FREE e-book!


What's my Halifax Home Worth?


 

The inventory in Halifax is extremely limited. Prices are on the rise for both homes and condos. Your property may be worth more than you think! Interested in a FREE and INSTANT market analysis of your property?
 
Take me to my FREE market anaylsis!


Halifax Homes for Sale


 

Are you a buyer who wants to find their dream home or condo in Halifax? Browse the most up to date listings! 
 
Search Halifax Homes for Sale
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Our mailing address is:
308-6080 Young Street
Halifax, NS 
B3K 5L2


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    Authors

    Andrew Perkins
    Halifax REALTOR®
    ​Keller Williams Select Realty
    902-488-0012
    ​andrew@andrewperkins.co


    Jordan Gunn
    Licensed Assistant 
    ​Keller Williams Select Realty
    902-401-0373
    ​jordan@andrewperkins.co


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