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.
Halifax finally has a development plan to guide it into the future. It’s not perfect and not everyone is thrilled with all parts of it, but it is a big step forward, bringing some clarity to where development can and can’t happen in the Regional Centre.
In Halifax’s hot seller’s market, you might be tempted to take a pass on a home inspection to make your offer more attractive. A word of caution: don’t!
It’s an age-old question with valid arguments on both sides: Is it better to buy or rent a place to live in?
