Nova Scotia Real Estate Market Recap 2019Posted by Chris Perkins on
2019 was a busy year. Nova Scotia is seeing a boost in population from migration and immigration not seen since the 1970's. Of the 35000 people who moved here in the last four years, between 95-98% of them settled in the Halifax area. Because of this, our local real estate market has seen significant gains in every measure. We have a 14 year record low number of listings and the average price this year has improved by a whopping 7% as of December 16/19.
As the market tightens up, it's not only price that is affected. The time it takes to sell a home is down by a third from four years ago and the number of sales is up by over 1000 at time of writing. CMHC predicts our growth will slow moving in to 2020 as economic conditions are set to improve…
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