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
Half of Canadians have negative opinion of latest Liberal budget: poll
A new poll suggests the Liberals have not won over voters with their latest budget, though there is broad support for their plan to build millions of homes.
opinion Why you should protect your investments by naming a trusted contact person
Appointing a trusted person to help with financial obligations can give you peace of mind. In his personal finance column for CTVNews.ca, Christopher Liew outlines the key benefits of naming a confidant to take over your financial responsibilities, if the need ever arises.
NEW 'One of the single most terrifying things ever': Canadian couple among tourists on sinking sailing boat tour abroad
A Toronto couple are speaking out about their “extremely dangerous” experience on board a sinking tour boat in the Dominican Republic last week.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
Ottawa injects another $36M into vaccine injury compensation fund
The federal government has added $36.4 million to a program designed to support people who have been seriously injured or killed by vaccines since the end of 2020.
Photographer alleges he was forced to watch Megan Thee Stallion have sex and was unfairly fired
A photographer who worked for Megan Thee Stallion said in a lawsuit filed Tuesday that he was forced to watch her have sex, was unfairly fired soon after and was abused as her employee.
An Ontario senior called Geek Squad for help with his printer. Instead, he got scammed out of $25,000
An Ontario senior’s attempt to get technical help online led him into a spoofing scam where he lost $25,000. Now, he’s sharing his story to warn others.
Accused of burglary at stepmother's home, U.S. senator says she wanted her father's ashes: charges
A Minnesota state senator and former broadcast meteorologist told police that she broke into her stepmother's home because her stepmother refused to give her items of sentimental value from her late father, including his ashes, according to burglary charges filed Tuesday.
Twins from Toronto were Canada's top two female finishers at this year's Boston Marathon
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.