Why Prospective Buyers Are Flocking to Halifax Right Now
Halifax’s real estate market has been making headlines lately, with many calling it a hot market worth the hype. While the city’s housing prices have significantly increased in recent years, weighing the pros and cons before deciding is essential. Factors such as job market stability, proximity to amenities, and overall affordability should all be considered before jumping into the market. That being said, if you’re willing to do your research and make an informed decision, Halifax’s real estate market can offer great opportunities for those looking to invest in a growing and thriving city.
Halifax is a great place to live! It’s a friendly, vibrant city with a rich history and culture. There are plenty of things to see and do, from exploring the waterfront to hiking in the nearby parks and trails. The city is also home to many great restaurants, cafes, and shops, as well as a variety of festivals and events throughout the year. Overall, Halifax is an excellent choice for anyone looking for a welcoming and exciting place to call home.
Real Estate Market Report for the Month of June 2023
Average House Price
The data below compares the average price of houses in June from 2021-2023
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Homes For Sale
The data below compares the number of Houses for Sale in June from 2021 to 2023.
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House Sold
The data below compares the number of Houses Sold in June from 2021 to 2023.
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New Listings
The data below compares the number of New Listings in June from 2021 to 2023.
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Important information about Metro Halifax
Population
Halifax is one of Canada's fastest growing municipalities, and as of 2022, it is estimated that the CMA population of Halifax was 480,582, with 348,634 people in its urban area.
Households
There is a total of 190,505 households in Halifax, 57.5% of which are owner-occupied and 42.5% of which have renters living in them. Meanwhile, the average household size in Halifax is 2.3 people.
Cost of Living
The average cost of living in Halifax is $1877, which is in the top 22% of the most expensive cities in the world, ranked 2011th out of 9294 in our global list, 29th out of 153 in Canada, and 1st out of 3 in Nova Scotia.
Average Cost of House
The average home price in Halifax is currently $581,066.
House Characteristics
About 30% of properties in Halifax were built between 1960 and 1980, while the majority of the remaining buildings were constructed pre-1960 and in the 1980s. In this area, around half of dwellings are single detached homes, while the rest are mainly large apartment buildings and small apartment buildings.
Best Things to Do in Halifax
Metro Halifax is a vibrant and exciting city with plenty to see and do. Here are some of the best things to do when you’re in town:
1. Visit the Halifax Citadel National Historic Site: This impressive fortification is a must-see for history buffs. You can explore the barracks, ramparts, and gun decks, and learn about the site’s important role in Canadian military history.
2. Take a stroll along the Halifax Waterfront: This picturesque boardwalk offers stunning views of the harbor and plenty of shops, restaurants, and attractions to keep you entertained.
3. Check out the Halifax Public Gardens: These beautiful gardens are a peaceful oasis in the heart of the city. You can wander through the winding paths, admire the colorful flowers, and relax on a bench by the pond.
4. Explore the Art Gallery of Nova Scotia: This impressive museum features a diverse collection of Canadian art, including works by some of the country’s most famous artists.
5. Go whale watching: Take a boat tour from Halifax Harbor and you might be lucky enough to spot some of the majestic whales that call these waters home.
No matter what your interests are, you’re sure to find something to love in Metro Halifax.
Check out Halifax Real Estate today!
Thanks for your interest in Halifax! There are many lovely homes in the area, and we are happy to help you find the perfect one for you. We recommend checking out local real estate listings to see what’s available. Happy house hunting!
Foot Note: House Characteristics/ Cost of Living / Cost of House / HouseHolds/ Population
