Detached houses decline in Halifax as buyers choose apartments

Homebuyers in Halifax are opting for apartments rather than single-family units, according to the Canada Mortgage and Housing Corporation.

Figures show that 70 per cent of construction in the city this year has been apartments, moving further away from a traditional 60:40 split in favour of houses.

Paul Pettipas of the Nova Scotia Builders Association told CBC that “Halifax is becoming a city of apartments.”

He says that many builders are turning to renovations as work on detached homes dries up. There is evidence that millennials are choosing to rent homes rather than buy to give them more flexibility.

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