Thinking about buying or selling a home in the Halifax region this year? If so, after two years of pandemic restrictions, inventory shortages and escalating prices, you might be wondering what 2022 has in store?
If you’re house hunting in the HRM right now, you might be feeling a bit of buyer fatigue. It’s understandable.
Unique market conditions pose challenges for buyers
2020 was a record breaker for real estate in the Halifax Regional Municipality (HRM), which includes nearby towns like Sackville. Prices shot up, sales volumes increased and there are no signs of things changing any time soon.
With one volatile year behind us, you might be wondering what the Halifax Real Estate Market is going to look like in 2021. So, we’d like to share some highlights from the latest RE/MAX market outlook.
Considering a move to Halifax? You’re not alone. The city is experiencing record-setting population growth. In 2019 nearly 10,000 people moved to Halifax, making it one of the fastest growing cities in Canada.
Across the country, the fallout from the COVID-19 economic shutdown is slowing down the usually brisk spring real estate market. Even hot markets like Halifax are having to react.
“Staging is about attracting potential buyers, allowing them to easily imagine themselves in the home and then making it clear why your home is worth what you’re asking for it,” says Cheryl, an agent with RE/MAX nova.
Foreign home buyers are taking a shine to Halifax. Find out why!
Despite being a seller’s market, Halifax continues to attract young buyers looking to purchase their first home before prices get out of reach.
