According to a new real estate report, HRM has among the ten best locations to buy a home in Canada.
MoneySense partnered with Zoocasa , ranking 45 neighbourhoods and municipalities using a proprietary methodology, factoring in the average home prices, price growth over time, as well as neighbourhood characteristics and economics.
The MoneySense “Where to Buy Real Estate” report indicates Halifax-Dartmouth ranked number six in the country for value and growth.
This area has seen an average three-year growth of 54 per cent.
Top neighbourhoods to buy real estate within the area are Cole Harbour, Woodside-Eastern Passage, and Waverly-Fall River-Beaver Bank.
The area’s average home price last year was just over $519,000.
MoneySense editor-in-chief, Lisa Hannam says, “It was a slow year for the Canadian real estate market in 2023, and that’s a result of Canadians being unsure about the direction of interest rates.”
Hannam says, “With rates now expected to come down, buyers are eager to re-enter the market.”
