Today I sat down to analyse Nova Scotia real estate and the condo market to see what is really happening in Halifax with regards to the Irving Contract at Halifax shipyards. There has been a lot of press lately and hype regarding the local boom in Nova Scotia real estate . First I looked at…
Condo sales in Halifax seem to be on a roll ! The numbers are in and it looks like full steam ahead as far as Condo sales in Halifax are concerned. There have been 604 condo sales in Halifax so far this year. Compare this to last season with 583 sales in the same period. …
There has been a lot in the news lately about “the housing bubble in Canada” . An article by TD Canada Trust had Halifax pegged at a 6% decline in values! (dated July 13/2011) Halifax condo sales seem totally fine! The pending /actives ratio is steady at Just below 10%. Data thanks to Condosnovascotia.ca As far…
I get this question all the time – What would be your pick if you had to buy Nova Scotia condos right now? Based on what I would consider good info – I would rely on the sales of the past years Nova Scotia Condos and I would pick the top seller! But what about recent trends…
1 The presence of new construction condos in the past 2 years. Sold by Developer. 2 The amount of people – especially older 55-60 + years old buying apartments. Due to the fact that they simply don’t trust the real estate market. They lost upwards of 40% of their retirement in the stock…
How new Nova Scotia mortgage rules affect condo owners In my time in the mortgage industry, there does not seem to be a more “exciting” time then during government backed mortgage rule changes! The air is filled with speculations and many misconceptions are born out of such a time. The question is, now that the dust…