Outlook for 2013

The 2013 outlook for Real Estate in the Halifax-Dartmouth area will be a difficult one to predict. There are so many variables beyond our control that could and some will determine how our economy will move forward. First our industry itself will see some changes as we become more and move driven by technology. The old way of doing business is being taken over by the every increasing use of the new advances in the tech world. Second will be how the Canadian economy is affected by the World economy and how the Government and the Bank of Canada will respond to these changes. Third and this one could be a result of the second is will we see any direct work on the Ship building here in Nova Scotia.

There is a climate of optimism, however we may not be sure untill we see both the Federal and Provincial budgets later this spring.

For buyers it looks like a good time to buy if you can find the right property as prices are holding close to last year and mortgage rates are still very low. For Sellers it is also a good time as there are not a lot of properties on the market so there is not a lot of competition. The most important function to a quick sale after the right price is have your house in good condition. This is where a good Realtor® can help. If you are thinking that this could be the year you want to make a move then now is a good time to call for how our experience can work for you.

Dennis Richards

Dennis Richards

CENTURY 21 Trident Realty Ltd.
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