ROYAL LEPAGE ATLANTICROYAL LEPAGE ATLANTICROYAL LEPAGE ATLANTICROYAL LEPAGE ATLANTIC
  • HOME
  • PROPERTIES
    • Properties – Grid View
    • Properties – Map View
    • Exclusive Properties
    • Commercial Properties
    • New Construction
      • New Brunswick
        • Moncton, Shediac
        • Saint John, Rothesay, Sussex
      • Nova Scotia
        • Halifax, Bedford, Dartmouth, East Hants
        • New Minas, Windsor
    • Open Houses
  • CAREERS
    • Becoming a REALTOR®
      • Preparing for the Real Estate Exam
      • Real Estate Career Seminar
      • Licencing in New Brunswick
      • Licencing in Nova Scotia
    • Available Positions
    • A Look at Our Offices
  • COMMUNITIES
    • Nova Scotia
      • Halifax and Surrounding Areas
      • Annapolis Valley and Surrounding Areas
      • Pictou County and Surrounding Areas
    • New Brunswick
      • Moncton and Surrounding Areas
      • Saint John and Surrounding Areas
  • AGENTS
    • New Brunswick Agents
      • Moncton Agents
      • Shediac Agents
      • Rothesay Agents
      • Saint John Agents
      • Sussex Agents
      • Oromocto/Gagetown Agents
      • Fredericton Agents
      • Oromocto Agents
      • Charlotte County Agents
      • Miramichi Agents
      • St. Andrews Agents
    • Nova Scotia Agents
      • Dartmouth Agents
      • Halifax Agents
      • Bedford Agents
      • Enfield Agents
      • Windsor Agents
      • New Minas Agents
      • Greenwood Agents
      • Stellarton Agents
      • Digby Agents
      • Mahone Bay Agents
  • ADVICE
    • Blog
    • Market Information
    • Realtor Advice
    • Selling Your Home
    • Buying a Home
    • First Time Home Buyers
    • Relocation
      • Relocation
      • Military Relocation
  • CONTACT US
    • Our Staff
    • All Offices
    • New Brunswick
      • Moncton Office
      • Shediac Office
      • Rothesay Office
      • Saint John Office
      • Sussex Office
      • Fredericton Office
      • Gagetown CANEX Office
      • Oromocto Office
      • Miramichi Office
      • St. Andrews Office
    • Nova Scotia
      • Dartmouth Office
      • Halifax Office
      • Bedford Office
      • Enfield Office
      • Windsor Office
      • New Minas Office
      • Greenwood Office
      • Stellarton Office
      • Digby Office
      • Mahone Bay Office
Find us here!

HRM Agent Resources

Saint John Agent Resources

Moncton Agent Resources

Valley Agent Resources

✕
More Options

Q3 2019 Market Statistics Report

Q2 2019 Market Statistics Report
July 26, 2019
Q4 2019 Market Statistics Report
January 23, 2020
November 1, 2019
Categories
  • Buyers
  • Realtor Advice
  • Sellers
Tags

Halifax real estate continues to thrive; low inventory drives price appreciation

Strong economy, welcoming culture cited as draws for home buyers

HALIFAX, October 10, 2019 – The aggregate price of a home in Halifax rose 1.6 per cent yearover-year to $328,690 in the third quarter of 2019, according to the Royal LePage House Price Survey released today.

The median price of a two-storey home increased 2.5 per cent year-over-year to $349,159, while the median price of a bungalow rose 0.3 per cent year-over-year to $274,321. During the same period, the median price of a condominium decreased 3.2 per cent year-over-year to $320,962.

 

“Halifax has seen the best year in real estate out of the past couple decades,” said Marc Doucet, broker of record, Royal LePage Atlantic. “Low inventory was the only factor that slowed sales as buyers wait on more listings to become available.”

 

Looking to the fourth quarter of 2019, Royal LePage forecasts that the aggregate price of a home in Halifax will rise 3.7 per cent year-over-year to $330,333, which is a 0.5 per cent increase compared to the third quarter of 2019.

 

“Our province is appealing to Canadians from across the country, partly because the economy is not as dependent upon oil or manufacturing,” said Doucet. “A lot of new Canadians are seeing the affordability of Halifax and the welcoming spirit of Maritimers as a draw when looking for a new place to start up. A number of newcomers are starting their own businesses locally.”

 

Nationally, the aggregate price of a home in Canada has continued to post steady year-over-year gains during the third quarter of 2019 as the real estate market sustained its recovery from the significant downturn of 2018 and early 2019, following the introduction of the federal mortgage stress test.

 

The Royal LePage National House Price Composite, compiled from proprietary property data in 63 of the nation’s largest real estate markets, showed that the median price of a home in Canada increased 1.4 per cent year-over-year to $630,335 in the third quarter of 2019. Looking to the fourth quarter of 2019, Royal LePage forecasts that the aggregate price of a home in Canada will rise 1.5 per cent year-over-year to $632,226, which is a 0.3 per cent increase compared to the third quarter of 2019. The 2019 fourth quarter forecast is dependent on consistent economic conditions and no new housing policy changes.

 

Wondering what homes are selling for in your area?
Get a Current Market Statistics Report from an Agent today!

Quarterly Stats Request

 

 

See The Full Report Here: https://www.royallepage.ca/en/realestate/news/royal-lepage-ceo-urges-caution-with-election-promises-aimed-at-stimulating-housing-demand-that-lack-concrete-plans-to-address-supply-shortages/

See the Halifax Region Report Here: https://docs.rlpnetwork.com/HousePriceSurvey/RegionalUpdates/2019/Q3/Halifax_RoyalLePage_House_Price_Survey_Q3_2019_EN.pdf

Courtesy of Royal LePage Canada’s Q2 2019 Royal LePage House Price Survey and Market Forecast
Learn more: www.royallepage.ca

Share
2

Related posts

May 2, 2023

Readying Your Home for Aging Relatives


Read more
April 10, 2023

What is a Home Equity Line of Credit?


Read more
March 21, 2023

Credit Reports


Read more

Search Blog

✕
  • Buyers
  • First Time Home Buyers
  • Market Information
  • Realtor Advice
  • Relocation
  • Sellers
  • Uncategorized
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2017

Follow Us

ROYAL LEPAGE ATLANTIC
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.
© 2018 BRER Affiliates Inc. An independently owned and operated broker member of BRER Affiliates Inc.

Powered by YOAPress.com

Sign into your account

Create an account

Reset Password

Reset Password

Register here! Forgot Password? Back to Login