January by the Numbers

Average Price (3M) - $607,847 (Up 9%)
Homes for Sale - 646 (Down 0.2%)
Pending sales - 222 (Down 9%)
1.8 months of supply


Tariff Impact on the Halifax Real Estate Market

While it's too early to predict the full effects of the Trump tariffs on the Halifax real estate market, several key scenarios are worth considering. The immediate rise in construction material costs, broader economic impacts, and potential government interventions will all play a role. Regional variations are likely, with Halifax’s diverse economy potentially providing some insulation from the challenges.


New Home Construction and Halifax Housing Supply

The Trump tariffs will have an immediate impact on new home construction in both Canada and…

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Understanding Tariffs and Their Impact on the Canadian Real Estate Market

Introduction

Welcome to the world of tariffs! No conspiracy theories here, and we’re leaving politics at the door. The objective of this report is to demystify tariffs, explain how they work, and analyze their broader economic impact, particularly in the Canadian real estate market. By breaking down their mechanisms and historical implications, this report aims to provide insight into how tariffs shape market dynamics and influence homebuyers and homeowners, especially in Nova Scotia.

Before we dive in, I want to clarify that I am not a qualified professional in international trade—just someone interested in understanding current trade issues and their impact on real…

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A Coastal Sanctuary: Unveiling the Beauty of Tatamagouche Bay's Lighthouse Home

The Lighthouse: Your Coastal Sanctuary

Nestled on the pristine shores of Tatamagouche Bay, this 2,400+-square-foot, Lighthouse-inspired home is a stunning blend of luxury, comfort, functionality and coastal charm. Constructed on a slab with ICF, and featuring in-floor heating and a pellet stove, this architectural masterpiece promises year-round warmth and comfort. Efficient heating during winter and refreshing coolness in summer are all part of the deal. With 2 bedrooms, 4 bathrooms, and an attached single-car garage, 3602 Malagash Rd. sits on a cleared and level, three-acre lot, offering unobstructed views of the tranquil bay, rolling green hills beyond and endless…

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Halifax Real Estate: 2024 Recap & 2025 Market Outlook

Written by Chris Perkins: The Market, My Favourite Listing, Best Transformation and More!

The Halifax real estate market has always been dynamic, but 2024 brought a unique blend of challenges and opportunities for buyers, sellers, and investors alike. From rising interest rates finally taking a breather to record-breaking single-family home prices and stable condo values, the year was nothing short of transformative. As we step into 2025, the stage is set for even more exciting changes, including a competitive Spring market and new opportunities for savvy real estate moves. Whether you’re curious about the year’s top listings, remarkable property transformations, or where the market is headed,…

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Discover Tranquility in West Lahave: A Raised Bungalow with Unparalleled River Views
Nestled in the community of West Lahave, Nova Scotia, lies a charming raised bungalow that offers more than just a place to live. Spanning over 1,800 square feet, this picturesque home masterfully combines comfort, modern amenities, and breathtaking natural beauty, making it a true gem in the heart of the province.

Upon entering, you are immediately welcomed by an open-concept living area adorned with vaulted ceilings, creating an expansive and airy ambiance. This design is not only modern but also cozy, ensuring that both family and guests feel right at home. The main living area faces east, providing unobstructed views of the stunning Lahave River. Large…

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A Quick December Market Update - Halifax Real Estate

The Halifax real estate market is wrapping up the year with a mix of promising trends and a few challenges. As we dive into the November numbers, we’re seeing some strong performance in the single-family home sector, while condos are also gaining traction. Here’s your quick Halifax real estate market update for the month. 

Single-Family Homes: Steady Growth in Sales and Values

Single-family homes in Halifax have had another strong performance in November, with sales up 25% compared to the same month last year. Year-to-date (YTD) sales have also increased by 12.5%, showcasing consistent demand throughout 2024, aided by the government alleviating the stress caused by high interest rates. The…

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Unit 1702 - 1650 Granville Street

Rare Opportunity at The Roy: Stunning Condo with Two Premium Parking Stalls

Welcome to The Roy, a coveted address in the heart of downtown Halifax. If you've been waiting for the perfect opportunity to own a stylish, contemporary condo with breathtaking views and top-tier amenities, this is your moment. This stunning corner suite, located on the 17th floor, is the epitome of luxury living. With two premium parking stalls included, it offers convenience, space, and the best of city living. Let’s take a closer look at each room and feature of this exceptional home.

Outdoor Living: Expansive Deck with Unmatched Views

Step outside onto your expansive deck, an ideal spot to take in the stunning…

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A Quick November Real Estate Update

In my last newsletter, I mentioned how things typically quiet down during the winter months, but there’s a lot happening at the moment. The government continues to ease pressure on borrowing costs, with their latest rate cut at 0.5%. While this isn’t yet causing a major market surge, it’s certainly having an impact.

Sales were up in October by an impressive 47% compared to the same month last year and rose from September as well. New listings have slowed while the pace of sales has remained high, resulting in a 1.4% increase in the average home price over the past 30 days. As the government continues to lower rates and introduce new incentives for buyers, it seems likely that prices will keep climbing.

Are You…

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5680 Inglis Street

Quintessential Halifax with a Storied Past

The Thorndean has been meticulously cared for and extensively renovated while preserving much of its original character and the timeless charm of 1800s Georgian architecture.  The grand entrance opens into a spacious living area adorned with original hardwood floors, cast iron radiators and two original decorative fireplaces.

Beyond the living area, the stunning Regency Room, with its large rounded window, provides a picturesque view of the grounds—a perfect spot to get lost in a good book. The property is beautifully landscaped with a pond and trickling waterfall, basking in southern exposure, and provides many peaceful spots to sit and relax.

The kitchen blends…

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A Quick October Update

As the weather cools down, so does the real estate market. However, comparing this past September to the one in 2023 shows sales are up by an impressive 31%. This increase is largely due to the current interest rate environment. While rates haven’t dropped enough to fully stimulate the market, home buyers are beginning to feel a sense of relief.

In the coming months, interest rates are expected to fall further. Additionally, new government initiatives aim to make housing more accessible. As of December 15th, first-time home buyers will be eligible for a 30-year mortgage. A longer mortgage term combined with lower interest rates significantly improves affordability. Furthermore, the cap on insured mortgages has increased from…

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