We use cookies to individualize material and ads, to offer social networks features and to examine our traffic. We likewise share info about your use of our site with our social networks, advertising and analytics partners who may integrate it with other info that you have actually supplied to them or that they've gathered from your usage of their services.
Property Management, Suite 602, Summit Place1601 Lower Water Street Halifax, Nova Scotia B3J 3P6 Tel.: +1 902 423 3202.
Home Management, Suite 602, Summit Place1601 Lower Water Street Halifax, Nova Scotia B3J 3P6 Tel.: +1 902 423 3202.
After a record-shattering 2020, Atlantic Canada has not taken a breather at the start of 2021. visit now within the Nova Scotia property market may be proof that the region is extending the momentum from last year amid historically low interest rates and evolving consumer trends. With light at the end of the tunnel in regards to the coronavirus pandemic, the Nova Scotia realty market, in addition to the broader Canadian housing industry, might be preparing for incredible growth this year.
According to the Nova Scotia Association of REALTORS, residential sales rose 31. 9 percent in February, with 1,045 systems altering hands. This is a brand-new sales record for the month of February, beating the previous record that was set back in February 2012. Year to date, house sales have actually advanced 30.
With low supply and high need, Nova Scotia genuine estate costs are skyrocketing. In February, the average cost of homes offered increased by an impressive 30. 4 percent year-over-year, to simply over $340,000. These trends are anticipated to continue in the coming months, due to a number of elements.
8 percent, to 1,101 systems. The number of active property listings was also down a notable 45. 4 per cent, the most affordable level in three years. Months of inventory sat at 2. 3 months by the end of February, which is down substantially from 5. 5 months at this exact same time in 2015.
0 
Star