The $389,000 price tag on the median Halifax home means that it is quite highly priced by Canadian standards.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Halifax has a huge choice compared to the rest of the province
It’s never an exact art, but to try to forecast how property is going to appreciate in Halifax for investors, it’s important to look at data like:
In Halifax, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Canada’s national median home listing price this month is $244,900, which means that Halifax is in the top 40% for Canada.
With Halifax’s median house price at $299,900 in Aug , it is high priced compared to the rest of Nova Scotia.
From our data, it appears that neighbourhood is number 49th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Is Halifax a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Halifax, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.