A new report released on Friday by realtor Royal LePage said the aggregate price of a home throughout Canada has increased 4.3 per cent year over year to $812,100 in the first quarter of 2024.
Halifax population growth coincides with building construction, and maintains the vacancy rate of residences, which is among the lowest in the country, according to the Canada Mortgage and Housing Corporation.
Nova Scotia Association of Realtors data shows real estate prices were up in 2023, but sales were down. Realtors say a lack of homes on the market means prices aren't likely to dip anytime soon.
As potential homebuyers continue to struggle with high borrowing costs, some innovative and affordable housing solutions are emerging, right out of the box.