Soaring Halifax real estate market featured in global magazine
The Economist, a global magazine with roughly 1.6 million subscribers, recently featured Halifax for of its historic increases and successes in the real estate market.
Scott Allison, a realtor in the Halifax area, says he was not surprised.
“We are a great city, we are a smart city and we have three universities,” said Allison.
Allison’s property listings are soaring with high demand. He recently sold a home for $175,000 above asking price.
“There is a lot of growth internally. People are returning home from Ontario, from BC and from Alberta,” said Allison, who added two of the last three homes he sold were for people who live out of province and are moving back to Nova Scotia. “They’re coming back to live the Nova Scotia life.”
For these market trends to have captured the attention of an international magazine is no small matter. The Economist feature highlights market trends that Halifax Chamber of Commerce CEO Patrick Sullivan had been watching closely.
“More people are coming from Alberta. More people coming from Ontario,” said Sullivan. “We have greater immigration and now we have international exposure.”
Sullivan said global exposure could lead to even more momentum and growth for the city.
Digital anthropologist Giles Crouch said being featured in this magazine is a convergence of the digital and physical universes. The online social media world is now aware of the growth trend in Halifax.
“You’ve had a great investment in infrastructure and immigration policies in the real world,” said Crouch. “And then in the digital world, everyone is able to share the stories and talk about what’s happening. And everyone can share these stories.”
Something that should help make Halifax a more attractive destination.
“People used to talk about visiting Nova Scotia,” said Crouch. “Now they’re not just talking about visiting, they want to move here.”
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.6978604.1721996942!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
Paris Olympics begin with unique opening ceremony along the Seine
The Paris Summer Olympics officially get underway today with a unique opening ceremony.
DEVELOPING Trudeau, with Australian and New Zealand PMs, pen letter renewing ceasefire calls for Gaza
Prime ministers of Canada, New Zealand and Australia released a letter renewing calls for an “urgent ceasefire” in Gaza on Friday morning.
'She led it the whole way': 18-year-old B.C. woman leads hikers to safety in Jasper National Park
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
Arson attacks paralyze French high-speed rail network hours before start of Olympics
Outgoing French Prime Minister Gabriel Attal said that sabotage and arson that hit key parts of France's high speed rail network on the eve of the Olympics had 'a clear objective: blocking the high speed train network.'
Latest updates on wildfires in Jasper National Park: Rain, cooler weather limiting spread
Cool and wet weather is making a difference in Jasper National Park.
BREAKING Canada Soccer investigating 'systemic ethical shortcoming' following drone scandal
Canadian Olympic Committee chief executive officer David Shoemaker says the head coach of the national women's soccer team was likely aware drones were used to spy on an opposing country's practices in France.
Search for missing vulnerable 3-year-old child in Mississauga, Ont. continues
Police say the search for a vulnerable child who went missing in Mississauga, Ont. Thursday evening continues. Three-year-old Zaid, who is described as possibly non-verbal, was last seen at 6:20 p.m. in Mississauga’s Erindale Park, near Dundas Street West and Mississauga Road. He was not wearing shoes or socks at the time.
Sunken treasure: Is the champagne nestled in a 19th-century shipwreck still fit for a toast?
A team of Polish divers has discovered the wreckage of an old sailing ship loaded “to the brim” with luxury goods including porcelain items and about 100 bottles of Champagne and mineral water about 58 meters (190 feet) deep off the Swedish coast.
opinion 'Deadpool and Wolverine' review: A love letter to a bygone era
'Deadpool and Wolverine' is a showcase for the bromance stylings of its stars, who pull out all the stops to cap Fox's Marvel movies.