Getting My The Carolyn Davis Stewart Group - Nova Scotia Real Estate To Work

We use cookies to customize material and advertisements, to offer social networks functions and to examine our traffic. We likewise share info about your use of our website with our social networks, marketing and analytics partners who might combine it with other details that you have actually offered to them or that they've collected from your usage of their services.

Residential Or Commercial Property Management, Suite 602, Summit Place1601 Lower Water Street Halifax, Nova Scotia B3J 3P6 Tel.: +1 902 423 3202.

Residential Or Commercial Property Management, Suite 602, Top Place1601 Lower Water Street Halifax, Nova Scotia B3J 3P6 Tel.: +1 902 423 3202.

After a record-shattering 2020, Atlantic Canada has actually not relaxed at the beginning of 2021. The current patterns within the Nova Scotia property market might be proof that the region is extending the momentum from in 2015 in the middle of traditionally low interest rates and progressing customer patterns. With light at the end of the tunnel in concerns to the coronavirus pandemic, the Nova Scotia realty market, along with the more comprehensive Canadian real estate market, could be getting prepared for unbelievable growth this year.

Facts About Cape Breton Real Estate - Cape Breton Realty - Nova Scotia Uncovered

According to the Nova Scotia Association of REALTORS, residential sales surged 31. 9 per cent in February, with 1,045 units changing hands. This is a new sales record for the month of February, beating the previous record that was set back in February 2012. eXp Realty Canada to date, house sales have advanced 30.

With low supply and high need, Nova Scotia realty costs are skyrocketing. In February, the typical cost of houses offered increased by a remarkable 30. 4 per cent year-over-year, to simply over $340,000. These trends are expected to continue in the coming months, due to a number of aspects.

8 per cent, to 1,101 systems. The variety of active residential listings was likewise down a noteworthy 45. 4 per cent, the least expensive level in three decades. Months of stock sat at 2. 3 months by the end of February, which is down considerably from 5. 5 months at this exact same time in 2015.