Halifax Real Estate News
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  • Halifax Real Estate News

Issue 2.5 - May 2022

6/1/2022

 
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Halifax Real Estate News


Compliments of the Andrew Perkins Real Estate Team

Issue 2.5 - May 2022
 
The month of May saw some changes in the Halifax Real Estate market.

This was expected with the rising interest rates and inflation at all-time highs. Currently, there are 613 active listings for homes, condos, and duplexes in Halifax and surrounding areas. That is a significant increase from a few months ago when we had less than 200. The market will slow, and prices should stabilize. Don’t be surprised if prices decrease slightly in the short term. When this happens, we need to be cognizant that prices have increased substantially in the last two years, so a decrease should be no surprise.

The average selling price for the month of May 2022 was $575,000. In 2021 the average price was $443,000. The average price was $351,000 in 2020. That is a 63% increase from 2020!.  As we move into the summer months, we will see many more new listings coming to market as sellers look to capitalize on the all-time high prices. We are seeing less bidding on houses now. In the Fall of the year, we may get back to a balanced market which will be welcome after the madness of the last two years.

If you are thinking of buying or selling, we would love to help. Put our combined 20 years of real estate experience to work for you.

Andrew & Jordan


Halifax News


 
Nova Scotia government scraps non-resident property tax

The Nova Scotia government will not move forward with its contentious non-resident property tax after all. Premier Tim Houston announced Thursday that his...

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New Glasgow, N.S., to receive 36 new affordable housing units by July

The Nova Scotia and federal governments are providing $5 million for a housing project in New Glasgow, N.S., that converted a motel into 36 affordable housing units.

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Building under construction collapses in Bedford, N.S.

Nobody was injured after a building under construction in Bedford, N.S., collapsed Sunday afternoon.

The building, which will be the site of the future...
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CHRISTOPHER ASHWOOD: A guide for Nova Scotia to cap runaway house prices

Houston, we have a housing problem. Pricing for basic housing is hitting the stratosphere and we need solutions to bring affordability back down to earth...

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Property owner applies to infill Halifax Harbour at Dartmouth Cove

The federal government is seeking public feedback on a proposal to infill the Halifax Harbour at Dartmouth Cove, and the councillor and MP for the area aren’t impressed.

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Federal Budget Good For Atlantic Canada On Housing And Immigration: APEC

In its new report on the budget’s implications for the region, APEC highlights new investments focused on social priorities that are part of a budget that projects a rapidly declining...

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Halifax Real Estate Market
 April 2022


 

Inventory has started to climb this past month. At the beginning of March, there were 281 active listings in all of the Halifax area. This month, we have 354. This is still nowhere near where we were a couple of years ago, with the average being around 2000 active listings, but it is promising.

Learn more


Newest Listing


 
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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
 
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Recent Blog Articles


 
 
Frequently Asked Questions: Sellers Edition

Choosing to sell your home can be an exciting and overwhelming experience. If you do not have any previous experience, you may have a lot of questions. To learn about the selling process, you can visit our page detailing it here. Even with understanding the process, you may have more questions along the way:

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22,600 New Housing Units to Hit Halifax

It’s been no secret that the Halifax Real Estate Market has been extremely competitive over the past two years. Prices have risen by 26% (on average) since the beginning of the pandemic, and inventory reached an all-time low. The rest of Canada caught wind of our beautiful province, and...

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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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