Real Estate

Immigration, in-migration to expand footprint of Halifax real estate market

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Potential homebuyers in Halifax are banking on the possibility of reduced interest rates before making the jump, says a report released Tuesday by RE/MAX Canada.

The company’s 2024 Tax Report looked at the residential real estate markets in Halifax, Vancouver, Calgary, Winnipeg, Toronto and Montreal.

The conclusion about buyers waiting out interest rates is a bit speculative, admitted Ryan Hartlen of RE/MAX Nova, but is based on conversations between agents and clients.

“We’ve certainly got a bit of pent-up demand that came out of the pandemic and a lack of inventory the last few years,” Hartlen said in an interview. “That has been suppressed a little bit by the economic

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Real Estate

Digging for deals in the winter real estate market

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The four-bedroom house at 10164 Manor Drive, in the Fairfield Island area of Chilliwack, was listed for $899,000 but sold for $865,000 in just 12 days on Dec. 5.zealty.ca

If you’re looking for a deal on real estate in a sluggish market there’s a lot of data to crunch. We’ve taken a look across the country at the places where there are deals to be had according to home price data from the Canadian Real Estate Association.

Many, though not all, real estate markets in the country have seen modest price drops in the latter half of 2023, but in some areas, there’s been significant declines from recent all-time highs. “Bargain” hunters should be aware though that in almost every case prices are still up – mostly by double digits – from what was available just three years ago.

British Columbia

Starting in the

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Real Estate

In tough real estate market, a century-old home idea could come back

A crane taking four 15-foot-wide by 60-foot-long modular home segments and stacking them one on top of the other to make a new duplex in Aurora, Colorado in 2018.

Hyoung Chang | Denver Post | Getty Images

A century ago, a first-time homebuyer might begin their search in a catalog for a kit-built home from Sears and others. In today’s real estate market, the idea rarely registers in house hunting. But with affordability stretched to an extreme and more buyers thinking about sustainability, the modular home — the kit home’s descendent — could be poised for the spotlight.

In the least, U.S. consumers looking to build an efficient and sustainable home should consider going modular. Green construction experts generally agree that modular construction generates less waste and causes less disruption to plants and animals on building sites. And instead of thousands of pieces of lumber, nails, and roofing material that

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Real Estate

LACKIE: Will interest rates dip and revive real estate market in 2024?

We may see some demand return to the market place in the new year but the demand will be tempered by consumer restraint

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How many of us are counting down the days until we can turn a new page and leave 2023 in the past?

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Real Estate

Buyer's market or seller's? Find out how your city's real estate ranks

Housing market competition is cooling across the country. Find out which are the best cities for buyers

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Cooling home sales in recent months have changed the dynamic in markets across the country.

Gone are the bidding wars previously seen in many communities, as higher interest rates cause buyers to take a step back and housing inventories build.

Bank of Canada rate hikes may have ended, but their effects have not, says Desjardins principal economist Marc Desormeaux in his housing outlook.

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