Market Updates

Aug. 13, 2024

New Short-Term Rental Regulations Starting in September 2024

What It Means for Nova Scotia's Housing Market

Husband and wife talking over coffee

Beginning September 30, 2024, Nova Scotia will implement significant new regulations for short-term rentals, including platforms like Airbnb, as part of an effort to address the province's growing housing crisis. These regulations are designed to increase the availability of long-term ...

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Posted in Market Updates
Aug. 2, 2024

Nova Scotia Housing Market Snapshot for July 2024

Hey Nova Scotians! The latest housing market report is in, and July 2024 has been an exciting month for real estate across our beautiful province. Here’s a friendly breakdown of what's happening in our housing market:

Home Sales are Booming

Great news for sellers! Home sales are up by ...

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Posted in Market Updates
July 24, 2024

Bank of Canada Cuts Policy Rate by 25 Basis Points to 4.5%

Bank of Canada interest Rate

The Bank of Canada slashed its target for the overnight rate to 4.5%, aligning the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank persists in its balance sheet normalization policy.

Global economic growth is projected to sustain an annual rate of about 3 ...

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Posted in Market Updates
July 11, 2024

Nova Scotia Housing Market Snapshot for June 2024

Nova Scotia Housing Market Snapshot for June 2024

The real estate market is always evolving, and keeping up with the latest trends is crucial for both buyers and sellers. The Nova Scotia Association of REALTORS® has released its housing market snapshot for June 2024, providing valuable insights into the current state of the market. Let's explore the ...

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Posted in Buying, Market Updates
July 9, 2024

Transforming Halifax: New Zoning Regulations and the Accelerator Fund

•	Halifax zoning changes

Halifax is undergoing significant changes in its zoning regulations to meet the growing demand for housing. These changes are part of a larger plan to speed up housing development and enhance the urban landscape. This article delves into the new zoning regulations, the introduction of the Accelerator Fund, and the ...

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Posted in Buying, Market Updates
Jan. 13, 2023

The Prohibition on the Purchase of Residential Property by Non-Canadians Act

The Canadian government has introduced new legislation known as the Prohibition on the Purchase of Residential Property by Non-Canadians Act, to address housing affordability and accessibility issues in Canada. The Act which went into effect on January 1, 2023 and forbids non-Canadians from purchasing Canadian residential property for two years ...

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Posted in Market Updates
Jan. 3, 2023

The Benefits of Hiring a REALTOR When Searching for an Investment Property

If you're looking to invest in Halifax real estate, the first step is to find a REALTOR. Investing in property is different from buying or selling a home, so it's important to find an agent with the right qualities, experience, and services for your needs. This is what ...

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Posted in Buying, Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates