Found 14 blog entries tagged as real estate.

 

Experience Family Living at 93 Dorothea Drive

Welcome to 93 Dorothea Drive, nestled in the heart of the popular Nantucket Community. This charming home is ideal for families, offering close proximity to top-rated schools and the serene Bell Lake Park.

A Warm and Inviting Main Floor

Step inside and be greeted by a bright living area, freshly painted with laminate floors and a cozy wood-burning fireplace. Imagine family movie nights, snuggled up by the fire, enjoying the warmth and comfort provided by the heat pump. The adjacent dining room is perfect for family dinners, with easy access to the almost fully fenced backyard. The kids can play safely outside while you relax on the great two-tiered deck, enjoying a cup of coffee and the privacy…

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Leveraging Your Equity

Even with the recent slow down in the market, property values are still significantly higher than they were last year.  Many homeowners have no idea how much equity they have in their home and similarly, are not sure what opportunities that equity provides.  I often hear people say how they could never afford to buy a new home because they are too expensive now.  However, most people I speak to do not fully understand their borrowing potential when leveraging their equity. 

For example, I had a client who purchased their semi-detached home many years ago for $170,000. We recently sold their home for $340,000, which meant they had some $200,000 in equity to play with.  Instead of rolling that entire amount into a new mortgage,…

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A NORMAL PERSPECTIVE

As summer is in full swing, a cooler real estate market still represents a hot one. It is easy to lose sight of perspective when it comes to Halifax real estate.  For years, it ticked slowly upwards without absurd swings in either direction.  The last two years dominated the media and in turn, dominated conversations across the province.  It is important to understand the statistics that form the foundation of our current housing market.

The number of sales in June 2022 was only beaten once in the past twelve months - in May of 2022.  Sales remain strong even though inventory is on the rise.  However, we still only have 1.4 months of supply.  This means that if nothing else were listed, it would only take a month and a half for…

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Is Halifax The New Toronto? - Halifax Real Estate 2022

Real Estate markets across Canada have a lot of similarities. Buyers can use what is happening in other cities to foreshadow what might happen in their local area, using the knowledge gained to navigate rapidly changing conditions. Join Adam Scott as he sits down with Paul Purcell from Royal LePage Urban based out of Toronto as they discuss the market, the challenges buyers face in Toronto and how they have pivoted in order to secure homeownership. What Paul experienced in the Toronto market may very well be a prelude for what's to come in Halifax.


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Market Value vs. List Price - Halifax Real Estate 2022


In this video Chris Perkins, Broker/Owner discusses Market Value vs List Price, and which is more important in the Halifax Real Estate Market. 

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The Importance of Hiring a Certified Professional - Property Assessments - Halifax Real Estate 2022

When you are buying a house in the Halifax Real Estate Market, we recommend doing a house inspection - even if you think you know exactly what house you are walking into. Hiring a professional, like a general contractor will see things that we just don't see. In this particular case, the inspection report changed our view of the property, and saved our clients a lot of money and headache.

Have you had an experience like this with a home inspection that changed your mind about a house? Let us know in the comments below.

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Happy Holidays!  It’s December and we are getting into the festive spirit down at Coldwell Banker Maritime Realty.  We’ve decorated our windows for the annual North by Night display and the Christmas tunes are filling the air.  We’re still working hard while we’re having fun, although sales have dropped by more than 31% from this time last year.  This is because inventory is down by almost 60%, now pushing the average price above $500,000 for the first time.


We’re also in our final month of #LiveLoveLocal where we get to feature the Fireworks Gallery – Halfax’s choice custom goldsmith, repair shop and source for beautiful designer jewellery.  We’ll be giving away $1000 to the Fireworks Gallery before Christmas, courtesy of Coldwell Banker Maritime…

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Did several weeks of lockdown change the way people think about high-rise living? It would not be surprising that a modern and minimalist space that once fostered feelings of freedom to do whatever you want quickly turned into the opposite - four walls closing in with COVID claustrophobia, causing you and your cat to figuratively and literally climb the walls.

Suddenly, the desire to live inside to avoid outdoor chores has been replaced with the desire to have outdoor space to complete those very same chores, but willingly. Time outside to have the privilege to achieve the same tasks that seemed taxing before. It's amazing how a slice of perspective can so drastically change your views on things you thought you'd figured out.

Condo sales in…

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Before we talk about how challenging this market is for home Buyers, let's talk about what is causing this unprecedented demand.  The number of sales year over year are only up by 8% and that alone would not cause a substantial price jump.  However, prices have risen by 12% in the last twelve months and it is almost entirely down to a lack of supply. The number of listings available in September 2020 is down by a whopping 51% from 2019. It is down an even more alarming 64% from 2018.  There are simply not enough homes for sale to satisfy demand and this is causing an extremely competitive environment for home Buyers in and around Halifax.

The Landscape

Almost all homes that hit the market in Halifax are being put on a "program" by Real Estate…

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For those of you who don’t know me, my name is Chris Perkins and I’m the Broker/Owner of HaliPad Real Estate Inc.  I’ve been selling real estate since 2007 and moved to Halifax with my wife, Joelle in 2018.  We founded HaliPad Real Estate Inc that same year and opened an office on Gottingen Street, we’d love to have you stop by when things return to normal.

Now, before they return to normal, what does that mean for the local real estate market and how we do business. From a market perspective, things are more active than I was expecting.  We’ve written a couple of blog posts looking at new offers written and new listings in the past three weeks.  From March 16-22nd there were 133 offers written in comparison to 117 the year before.  From March…

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