Issue 2.2 - February 2022

*|MC_PREVIEW_TEXT|*

Halifax Real Estate News Compliments of the Andrew Perkins Real Estate Team Issue 2.2 - February 2022   The shortest month of the year didn’t slow down the escalating prices in the Halifax Real Estate Market. The average price for a home sold in February was $499,000. That is a price increase of 20% compared to 2021. The number of sales was down slightly, however, that is strictly due to the lack of inventory with only 196 homes and condos for sale.   As we enter the spring months, I am hopeful that we will see more inventory come to market.   We have been following closely the new construction developments in Halifax and have prepared a blog on what is currently available. There is not much at the moment and the city needs to move quickly to change that. There is currently only one new construction condo being built and that is North Condos in the North end of Halifax. They are just about sold out with only 6 units remaining.  As always, reach out to us anytime with any of your questions, if you need more information, or would like a value on your home.   We are available to help in any way we can.   Andrew & Jordan Halifax News   Halifax council approves property tax increase that's smaller than planned The increase to property taxes in the Halifax region will be slightly less than was proposed by city staff last November... Continue Reading >>   Office vacancy up, but so is demand in Atlantic Canada “We’re at a point where we’re emerging from the pandemic and it will be interesting to see what changes are long-haul changes and what changes are more temporary.” Continue Reading>>   Province opens bids for housing development in downtown Dartmouth The Nova Scotia government has picked a piece of prime real estate in downtown Dartmouth as a possible site for... Continue Reading>>   Here Are Canada’s Top Cities Where Foreign Investors Are Dropping Capital Last week we took a dive through non-resident ownership data across provinces. Today we’re going to break down... Continue Reading>>   Residential property assessments up sharply in Nova Scotia Residential property assessments are up significantly across Nova Scotia, particularly in municipalities with... Continue Reading>>   Population boom squeezes Halifax vacancy rate back to 1% The big influx of people to Nova Scotia from other provinces is being identified as a major reason for a further tightening of the home... Continue Reading>>   2021 Market Stats   Our market continues to remain in the seller’s favour. We have very limited inventory, causing many properties to sell above the asking price. We cannot see this ending anytime soon.  Learn more Our Recent Sales   Current Mortgage Rates Courtesy of Shawna Snair (Licence #2021-3000104) with Premiere Mortgage Centre   Follow Shawna for more great mortgage tips and info! (902) 448-2007   Property Management Courtesy of Nathaniel Loewen, owner of Anchor Property Management Contact Nathaniel today for all of your property management needs! (902) 266-2987   Recent Blog Articles     New Construction Homes For Sale in Halifax, NS We believe it is crucial for buyers to stay informed on not only current resale homes hitting the market, but new construction homes in Halifax as well. Continue Reading >> 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... 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 Our mailing address is: 308-6080 Young Street Halifax, NS  B3K 5L2 Want to change how you receive these emails? If you wish to unsubscribe, simply reply "Unsubscribe" to this email.