Supply of inventory soars in Halifax-Dartmouth

 “The long awaited ship-building contract has arrived. This past summer, construction on the first Arctic patrol vessel commenced. At present, there are well over 15 tower cranes at work throughout HRM. Most of the new residential construction is in the form of hi-rise rental apartments. Some condominium development is also underway. Overall, supply remains at historically elevated levels. There were 9,444 active residential listings on the Association’s MLS® System at the end of August 2015, up 6.0 per cent from the same time last year. All of these trends lean strongly towards a buyer’s market. Even so, the median sale price for September 2015 was $264,727 up slightly from the median sale price a year ago which was $268,698.”

Wayne Sajko, Halifax, NS - Solidifi EXTRAORDINARY APPRAISER