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Showing posts from January, 2023

Property Buyer and Seller Tips for 2023 Real Estate Market in Nova Scotia

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In recent months, the real estate market has seen a strong increase in demand, driven by low inventory. As a result, prices have been rising in many areas and homes are selling quickly. This has led to increased competition among buyers and increased pressure on sellers to price their properties competitively. To help property  buyers navigate this competitive market, here are a few tips: Start by getting pre-approved for a mortgage and have your finances in order before you start looking for a property.  Be ready to make a quick decision when you find a property you're interested in, as homes are selling quickly in many areas. Consider working with a real estate agent, who can help you navigate the market and find properties that meet your needs. For property  sellers , here is also some advice: Get your home ready to show by decluttering, deep cleaning, and making any necessary repairs. Pricing your home correctly is crucial, consider working with a real estate agent w...

How to Purchase Land in Nova Scotia?

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There are a few steps you can take to find land in Nova Scotia: 1. Research the Area: Consider factors like proximity to amenities, access to public transportation, and costs associated with land development and living in the area. Also, decide on the type of structure you are looking to place on the land. 2. Calculate Your Budget: Determine how much you can afford to spend on land and set a budget accordingly. A good rule of thumb is to buy land at approximately 20% to 30% of the value of the finished home. For example, if you are planning to build a $400,000 home, you should be looking for land that costs $120,000.  3. Search Online: Nova Scotia Real Estate Brokerages like RE/MAX Nova  list land for sale in Nova Scotia. You can also check local newspapers and classified ad websites for land listings. 4. Contact a REALTOR® : Find a realtor who lives and works in the vicinity that you’re searching. A real estate agent can help you find land that meets your specific requir...

Nova Scotia - Investing in Real Estate

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Nova Scotia is a province located on the East Coast of Canada. It is known for its beautiful scenery, Atlantic coast, forests, and lakes. The province has a population of over 1 million, and its largest city is Halifax. Real estate in Nova Scotia is generally less expensive than in other parts of Canada, such as Toronto or Vancouver. This can make it an attractive option for those looking to invest in property. The province has a stable economy, with primary, secondary, tertiary, and quaternary industries in Halifax and the surrounding area contributing to its GDP. There are several factors to consider when investing in real estate in Nova Scotia: Location: As with any real estate investment, location is important. Look for properties in areas that are expected to experience population growth, and economic development, and have good amenities. Property type: Consider the type of property you want to invest in. Single-family homes, condominiums, multi-units, and commercial properties ar...

Popular Neighbourhoods in Halifax

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Halifax is a vibrant and diverse city with many great neighborhoods to choose from. Here are some popular neighborhoods in Halifax, Nova Scotia: Downtown Halifax: This bustling neighborhood is home to many of Halifax's top attractions, including the Halifax Waterfront, the Halifax Citadel National Historic Site, and the Halifax Seaport Farmer's Market. Downtown Halifax is also home to many restaurants, cafes, and shops, making it a great place to explore on foot.  South End Halifax: This historic neighborhood is known for its Victorian houses, tree-lined streets, and local independent businesses. South End Halifax is home to a number of popular restaurants and cafes, as well as the Halifax Public Gardens, Halifax Common, Dalhousie, and St. Mary's Universities.                  North End Halifax:  The North End of Halifax began as an agricultural expansion north from central Halifax as African American and German Foreign Protestant ...

Thinking about moving to Halifax?

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There are many reasons to consider moving to Halifax, Canada. Here are a few reasons why you might want to call this beautiful city home: High quality of life: Halifax is consistently ranked as one of the top places to live in Canada. It has a thriving arts and culture scene, a vibrant food and drink scene, and a variety of recreational activities to enjoy. Beautiful natural surroundings: Halifax is located on the Atlantic coast, which means it has a beautiful natural setting with a variety of outdoor activities to enjoy. There are plenty of parks, trails, and beaches to explore, as well as opportunities for whale watching, kayaking, and more. Friendly and welcoming community: Halifax is known for its friendly and welcoming community. It is a diverse and inclusive city with a strong sense of community. It is also one of the safest cities in the world! Halifax is a great place to live, work, and raise a family. It has a high quality of life, a strong job market, and a beautiful natural...

Nova Scotia Real Estate Market Outlook 2023

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Nova Scotia's real estate market is poised for a strong year in 2023, with a growing population, low supply, and high demand for housing. One of the main drivers of the Nova Scotia real estate market is low housing inventory, which has made it harder for buyers to afford a home. The number of homes sold through the MLS® System of the Nova Scotia Association of REALTORS® totaled 831 units in November 2022. This was a sharp decrease of 28.7% from November 2021. In a November 29, 2022 report, RE/MAX said it expects more price growth in Atlantic Canadian markets and expects average residential sale prices to spike 8% in Halifax. Another factor contributing to the strength of the Nova Scotia real estate market is the growing population. Nova Scotia has seen an increase in both immigration and interprovincial migration in recent years, which has led to a higher demand for housing. This trend is expected to continue in 2023, as more people are attracted to the province's affordable co...