Halifax region continues to have an active market contrary to what we see reported on the national news. The problem with the national statistics, is just that, it's national.
Our area continues to see increases in the average price of homes when compared to the same time period last year. The unit numbers show a slight decline of less than 2% in the number of active listings, ...
Posted by Margaret Bowlen
on September 23, 2010
Have just finished a review of the market stats for Halifax Regional Municipality and the numbers show that the market is rebounding. When looking at July of 2009 compared to July of 2008 the number of new listings is up about 2.5% and the year to date shows a slight decline of 1.5%. The sales for the same time period show the monthly comparison to be down about 4.5%, with the year to date ...
Posted by Margaret Bowlen
on August 13, 2009
1) The Amount of Mortgage and Closing Costs: If the owner purchased with little or nothing down or refinanced during a peak market, a market shift can create an upside down situation. The market price probably won't be enough to cover the mortgage payout and closing costs.
2) The Money Spent on Upgrades: A seller may want to recoup the cost of an upgrade or renovation and although ...
Posted by Margaret Bowlen
on December 10, 2008