Halifax home sales down but match 2014 levels

Home sales in Halifax were lower in the first quarter of this year but held roughly to their 2014 level.

CMHC figures show that 899 homes sold in the area compared to 915 in the same period last year.

Alex MacDonald, the agency’s regional economist, said that the number was only slightly behind last year, despite the harsh winter.

Sales held up due to lower interest rates and a 1.3 increase in population. MacDonald told the Chronicle Herald that prices have increased by 1.6 per cent as inventory reduces. 

Find out more about the Halifax market by using CREW's free investment hotspot tool
 

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