Nova Scotia Real Estate.
This may I decided to talk about the condo sales in places
other than downtown Halifax. The situation is basically
exactly the same in the Halifax peninsula as it was for the
last few months so lets focus on the other parts of the
Nova Scotia Real Estate market.

Bedford is having a good year so far with 35 condos sold.
It usually runs 30-31 for the term. So we are up roughly 15 %.

Clayton Park is having a banner year with 91 condo sales so
far this Year! In Nova Scotia Real Estate the norm for this
period is 71 so they are up 20 or up 28%.  To learn more on
condos in Clayton Park visit http://condosnovascotia.ca

Dartmouth as a whole is up this season with 55 sales.
Over a norm of 42 sales in the term or over 30% !

So as much as we like to say great things about the
Irving Contract and Nova Scotia Real Estate – every sector
is up this year !

1 – Maybe the optimism is spreading out And affecting all areas.
2 – Maybe it’s the aging population retiring in and around Halifax.
3 – maybe as people age they are finding the condominium option – more
and more attractive.

Your guess is as good as mine! I just tell it like it is. Deliver the data.
Its one of those mysteries like the “Caramilk secret” lol.

Paul Viau Is licensed to sell Real Estate in the Provence of Nova Scotia.
He works with Stages Real Estate in Bedford , Nova Scotia.
Nova Scotia Real Estate

Bedford West condominiums
The main problem with moving to  a condo
is leaving the gardening , leaving the home and moving
in to a complex. Often this is too much of a transistion
and the couple will sell their first condo and move back
to a smaller home.

That’s were Parkwood Ridge and Bedford West condominiums comes
in to play. – An Ariana Development inc. project in Bedford
West. A community built arround RIM – a big employer,  A new
high school, an assisted living facility and a large multi-ice rink
BMO center. All areas have trail and walkways so you can walk from
home!

Skating anyone?

Condo fees are low at the Bedford West condominiums – $261.80/per month at press time.
I don’t know about you but I would pay that for Lawn mowing and not having to shovel snow alone!
They include All exterior maintenance , domestic water, reserve fund, contingency fund,
fire & liability insurance, & management fee.

They are only building around 20 more!

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Listed by QUEST REALTY – A663

Paul Viau is licensed to sell in the Province of Nova Scotia
He works with Stages Real Estate in Bedford , N.S.
Bedford West condominiums

To Buy or Not to Buy?  When it comes to
Halifax Condo Mortgages
its a very good question.

It seems that the weather has a permeating impact on all of
us. It impacts our decisions and our plans on a regular basis. This is no
different in real estate. As we enter the spring season in Halifax, Nova Scotia,
those of us who have been dreaming about owning that perfect condominium
finally hit the streets in hot pursuit. But the question remains, is this the
time to buy that perfect Halifax
condo, or should I wait just one more year? I am glad you asked!

Without getting too caught up in economic forecasts and
statistics, there are a few things to consider as we ponder the right time to
purchase our new home. We will first discuss Halifax condo mortgages rates. As you
know, rates in general are tied to the performance of the Canadian economy. The
stronger the economy the higher the rates, and vice versa, the slower the
economy the lower the rates. That being said, growth in the Canadian economy is
starting to move in an upward direction. This means that rates on Halifax Condo mortgages will follow
this upward movement. But not to panic, it seems that this upward movement in
rates will be a good fit for our Maritime culture – slow and steady.

I believe the more important factor that will affect our
condo purchasing decision is right here in our back yard. With the activity of
the Deep Panuke natural gas field about to come online and the announcements of
both the shipbuilding contract and Shell offshore exploration, this information
should be key in our decision making. All of these activities will have an
impact on our Nova Scotia
economy – next year. 2013 will be a year of increase. With increase comes higher
housing demand.

.                                                                                                                                                                                                                      .

Therefore, it would seem prudent to make a Halifax condo purchase sooner then later.
Rate has some affect on our decision, as rates will attain a slow increase over
time. But more importantly, housing demand will continue to heat up. When we
move into 2013 and beyond we can expect higher demand and therefore higher
condo prices. This will mean that you will pay more in a year’s time then you
will today for the same condo. And finally, in regards to condo mortgage
financing, you will end up paying more for the same thing next year! Halifax
condo Mortgages are expected to rise. I am not at peace in asking anyone
to move forward with a condo purchase before they are ready.
But if you are ready and settled on doing so, it may seem the right
thing to do to take advantage of this nice spring sunshine and look for that
condo sooner then later.

Dan Page

Mortgage Consultant, Mortgage Intelligence
www.eastcoastmortgage.ca

Condos Nova Scotia’s Mortgage contributer

Halifax Condo Mortgages

Halifax Condo sales
First quarter 2012.

Well folks – There has been a lot of hype in the papers
and in the press regarding the Irving Oil contract, and
how its affecting the real estate market in Halifax. What
is really happening out there and what are the real numbers
behind Halifax Condo sales?

There has been 198 Halifax Condo sales to date.
In 2011 -there were 156 condo sales during the same period.
2010 – 162 condo sales to date.
2009 – 129 condo sales to date.
So we are clearly up +-40 sales or about 25%.

In 2012 – There were 81 Halifax condo sales since the first of March.
However in 2011 there were just about the same with 78 condo sales!
in 2010 – there were 67 condo sales since the first of march.
In 2009 – 57 sales were recorded.

Clearly there has to be something up! Agents I talk to complain of no
product and you see ads everywhere looking for listings!

238 active condo listings in Halifax.
Last year –we had 375 listings.

There were 45 pending  Halifax condo sales!  That makes the pending/active listing
ratio – some 19%!  It has never risen above 10% as long as I’ve been tallying.

But where are the 130 something listings? Normally people are on the
market early .Are they waiting for a better time? The weather certainly
has been cooperating!  Well it’s true that we have pent up demand for condos .
The march sales numbers would be much higher if
we had the listings available. But that being said, when the interest rates go
up ….. suddenly there are going to be a lot less buyers in the market. So , if
you are waiting for greener grass in coming months – beware the coming bank
hikes!

If you are thinking about selling your condo and want to talk to an expert about
your options ,give us a call and we would be glad to share the latest in marketing
/ pricing statagies and maybe even save you some money!
Paul works at Stages Real Estate in Bedford , N.S.

Paul Viau is licensed to sell real estate in the province of Nova Scotia.
Halifax Condo Sales