Nova Scotia’s Real Estate Upswing

By
Marcus Cyganiak
 – January 2, 2010

Nova Scotia's Real Estate Upswing

Canadians from coast to coast are expecting a road to recovery this year in the real estate market. For the province of Nova Scotia in particular, 2009 set the way for this recovery with promising figures heading into 2010.

From July to September 2009, home sales via MLS averaged house prices at $192,826, which is 4.7% higher over 2008’s same three months. From this averaged figure, a total of 3,068 homes were sold through MLS over these three months in 2009.

Here are the average prices from July, August, and September 2009, with a 2008 percentage comparison, broken down by regions across Nova Scotia:

Region
Prices in July – September 2009
Compared to July – September 2008
Cape Berton
$114,480
Up 4.2%
Halifax-Dartmouth
$233,343
Up 2.4%
Highland Region
$154.161
Up 31.4%
Northern Region
$120,610
Up 6.5%
South Shore
$171.754
Up 3.9%
Yarmouth
$109,125
Down 18.5%
Annapolis Valley
$143,886
Up 5.6%
Provincial
$192,826
Up 4.7%

This is no doubt a positive indication of growing strength within Nova Scotia’s real estate market as we, the world, work on putting the “Global Financial Crisis of 2008” behind us in 2010. As a result, buyers and sellers are becoming much more confidant and that’s great news as we begin this new decade in both Nova Scotia and Canada as a whole.

Source:
1. http://www.nshomeguide.ca/nsrealestatemarket

About the Author

Marcus Cyganiak
Marcus Cyganiak is a Canadian new media businessman, web developer, graphic designer, information architect, writer, and blogger who serves as part owner of BuyRIC.com, a company in which he co-founded with his father Kris Cyganiak on October 9, 2009. The company named him Corporate Vice President on May 12, 2010. From June 2004 to September 2007, Marcus worked as a web developer, graphic designer, information architect, content writer, and columnist for TNA Wrestling, a sports entertainment promotion out of Orlando, FL on Spike TV. Between February 2009 and March 2010, Marcus penned the “Cygy’s Corner” column for The Suplex Magazine out of the United Kingdom.