Issue 2.4 - April 2022

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Halifax Real Estate News Compliments of the Andrew Perkins Real Estate Team Issue 2.4 - April 2022   I am hoping April Showers will bring May flowers. The weather in April certainly hasn’t been the greatest. I haven’t even played my first round of golf yet! Here’s hoping May is a better month.   April in the Halifax Real Estate market was certainly an interesting one. Inventory has increased, which is much needed. We now have 320 single-family homes, condos and duplexes for sale. That is up by about 150-200 units from previous months. The provincial government recently passed a law taxing non-residents. We have information in our blog about that. I am totally against this and think the provincial government is making a big mistake. I have already talked to several clients who have summer homes in Nova Scotia who are considering selling their properties which is a real shame.  The bank of Canada has hiked interest rates again, this time by .5%, which is a big increase. Typically they only raise the rate by .25. They are doing this to try and curb inflation. This will slow down the market to some degree, affecting affordability.   If you are on the fence about selling, feel free to reach out to us, and we can prepare a quick market report for your home. If you’re buying, let us help you navigate this crazy market.  Take care, and have a great May month!  Andrew and Jordan Halifax News   New CREA Pilot Program Will Let Homebuyers See All Offers in Real-Time In a first for Canada, a new pilot program from the Canadian Real Estate Association (CREA) will allow homebuyers to see all registered offers placed on a property as they’re submitted... Continue Reading >>   Halifax, housing minister shoot down Liberal first-time homebuyers bill A Liberal MLA’s bill designed to help first-time homebuyers get into an increasingly hot housing market has been panned by both the housing minister and the province’s largest municipality. Continue Reading>>   Bank of Canada hikes benchmark interest rate to 1% The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday in its latest move to rein in high inflation. The bank's rate impacts Canadian... Continue Reading>>   As Halifax turns into a housing hot spot, many look to Ottawa for relief Lachi Mainali and Lachsman Koirala stood outside a mustard-coloured house on a corner lot in Timberlea, a suburban community outside Halifax. It's a long way from the downtown hospital... Continue Reading>>   N.S. hires real estate agency for study on affordable housing Nova Scotia’s government says it will study the extent of the need for affordable housing in the province. With a contract worth $406,310, real estate agency... Continue Reading>>   'I'm so grateful': Maritimers open their homes to Ukrainians fleeing the war Surrounded by welcome cards made by Sarah Toma’s students, Ann Vasiutkena is adjusting to a new feeling of home. "It was very unusual, and sometimes nervous, but that’s... Continue Reading>>   KW Select Awards I am honoured to receive two awards from my fantastic brokerage Keller Williams Select Realty for our teams' hard work and dedication over the past year. We set huge goals for 2021, and we exceeded them. Without my incredible licensed assistant, Jordan Gunn, these accomplishments could not have been possible. She is the glue that keeps the team together and makes my job easy. Of course, we would like to thank all our wonderful clients; present, past, and future, for supporting us with your business and the referrals of your family and friends. It truly is an honour. A special shoutout to our CBO Chewy Browne as well for increasing team morale, reminding us to give back to our community and always keeping spirits high! We look forward to the rest of 2022 and helping our clients achieve their real estate goals!   Halifax Real Estate Market  March 2022   Our inventory is slowly starting to increase. For the past year, our months of inventory have been less than one, this month is the first time in a long time we see at least one month of inventory in both single-family homes and condos. 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   Recent Blog Articles     NS New Non-Resident Deed Transfer & Property Taxes It was revealed on March 29, 2022, that the province of Nova Scotia instated two new taxes for non-residents concerning their properties. Many believe that this is the government’s attempt to cool the Halifax Real Estate Market. The response amongst the public has been very divided... Continue Reading >> Boost Your Halifax Home's Curb Appeal This Spring Whether Halifax is in a seller’s market or a buyer’s market, curb appeal is always important when selling your home in order to get the maximum price. The first thing that potential buyers see is the outside of your house, and first impressions stick. 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.