Real Estate Outlook for Spring 2024 – Buckle Up

Our office had the senior economic analyst from the Canadian Real Estate Association speak to us this week, and his message was clear: "Buckle up." In a captivating and somewhat terrifying 45-minute presentation on the Canadian real estate market, he predicted a surge in activity as people, previously held back by high interest rates, get ready to jump on opportunities when Spring listings hit the market. While we haven’t seen the expected influx of listings yet, things are delicately poised, with homeowners gearing up for the busiest time of the year.

HRM Snapshot: Over the past 24 months, Spring has consistently seen home sale prices that were 10-15% higher than in Winter.

Where are prices going?

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In Nova Scotia, easements and rights of way are quite common, especially the further away from Halifax you get. Many properties are land locked and are only accessible by a right of way via an easement over another property. While I can provide you with a general understanding of these concepts, it's important to note that specific laws and regulations may vary, and it's always advisable to consult with a qualified legal professional for accurate and up-to-date information.

What is an Easement?

An easement is a legal concept that grants certain rights to individuals or entities over another person's land. It is the right to use the property of another for a defined purpose while leaving the actual ownership of the property unchanged. It is important…

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Upsizing | “We could sell our house, but where would we go?”

We hear it all the time - I could sell my house, but what would I move into? This seminar outlines all your options and provides you with a strategy to find a home that fits your lifestyle. It will help you understand how to leverage the value of your home to make your move affordable. It’ll teach you how to improve your current property to maximize the sale price while timing the market to sell for more and buy for less.

You’ll receive practical tips and a roadmap to your new home. Don't miss out on this opportunity to gain knowledge and inspiration from three seasoned professionals. Mark your calendars and join us for an informative and engaging discussion!

Things You'll Learn:

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Navy Lane Condos - By Urban Capital

Listing and media courtesy of our friend Larry Allen, KW Select Realty and Urban Capital.

Live, Work, Play.

Just a few doors down from our office on one of Halifax's oldest streets, comes the exciting new Navy Lane Condo Development by Urban Capital.  A beautiful building that blends modern flair with a nostalgic nod to years gone by. On top of its incredibly walkable location, the project offers a work life balance like no other in the North End. Featuring a work-share space including a Zoom pod and amazing rooftop amenities, complete with a heated salt water pool and views of some other salt water in our beautiful harbour. 

Pricing starting in the mid $400's

Almost 100 units have already been…

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Navy Lane Condos - By Urban Capital

Listing and media courtesy of our friend Larry Allen, KW Select Realty and Urban Capital.

Live, Work, Play.

Just a few doors down from our office on one of Halifax's oldest streets, comes the exciting new Navy Lane Condo Development by Urban Capital.  A beautiful building that blends modern flair with a nostalgic nod to years gone by. On top of its incredibly walkable location, the project offers a work life balance like no other in the North End. Featuring a work-share space including a Zoom pod and amazing rooftop amenities, complete with a heated salt water pool and views of some other salt water in our beautiful harbour. 

Pricing starting in the mid $400's

Almost 100 units have already been…

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Right-Sizing | A Downsizing Chat with Chris Perkins and Heather McCallum

Join us for an exciting in-person event at the Halifax Central Library on Spring Garden Road in Halifax, NS, Canada. Get ready to learn all about how to effectively downsize from industry experts Chris Perkins and Heather McCallum. Whether you're looking to declutter, simplify, or transition to a smaller space, this chat will provide you with valuable insights and practical tips. Don't miss out on this opportunity to gain knowledge and inspiration from two seasoned professionals. Mark your calendars and join us for an informative and engaging discussion!

Things You'll Learn:

  • The state of the Halifax real estate market
  • How to…

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Nobody Has a Crystal Ball

But using previous market trends and up to date industry reports, we can make educated guesses at what may happen as we move through 2024.

The winter months are always slow. Inventory is low, buyer interest is lower, sales are down and the average purchase price tends to slump. The market gradually builds steam as we head through February and March. The days get longer and warmer making house hunting easier and more comfortable. Buyers start returning to the market and home owners get some much needed spring cleaning taken care of while preparing their homes for the market. Looking back as far as I can go with the tools I have, it's like clockwork: the market peaks in late spring/early summer every year. In the past two…

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2023 Real Estate Market - Was it bad, or was it just bad for Realtors?

Written by Chris Perkins, Broker/Owner - Coldwell Banker Maritime Realty.

I’m sure when you spoke to your real estate friends this year, most of them complained about how slow the market was. However, while it posed problems for us in the industry, it was a better market (in the Halifax area at least) than you might expect. 

To explain what I mean, we need to look at the years gone by:

Admittedly, sales were the lowest they’ve been since at least 2010 which is as far as I can go back in time. Sales volume like this would generally be catastrophic for prices were it not for the dramatic drop in inventory (you'll note the sale to new listing ratio is higher in 2023 than…

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 Tis the Season!

Leveraging Winter Magic in the Real Estate Market

As the holiday season approaches, the real estate market is often perceived as slowing down. However, contrary to popular belief, this period, spanning from December to March, can be an opportune time for sellers to list their homes. While many may hesitate due to the colder weather and the festive distractions, there are unique advantages that come with selling during these months. Lets explore the benefits of listing your house during the winter season and how sellers can leverage these advantages to make a successful sale.


Less Competition, More Visibility

One of the most significant benefits of listing your house during the winter months is the reduced competition.…

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