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Weather, COVID-19 contributes to fast-selling homes in Atlantic Canada

By October 26, 2020November 5th, 2020No Comments

Low number of active COVID-19 cases and weather are among the factors in the limited number of available housing options in Atlantic Canada.

Nova Scotia Association of REALTORS’ past-president Matt Honsberger says this time three years ago, there would have been 2,700 homes and condominiums available for buyers to look at. Today, there are just more than 850.

“So, if you were considering moving to Atlantic Canada before, now you could work remotely and there’s a great health care story going on, in [which] we don’t have a lot of active [COVID-19] cases in Atlantic Canada,” says Honsberger.

It’s all driving a rise in prices, with 11 per cent growth for the third quarter of this year versus this time last year, across Nova Scotia.

“We’re still, even with such a jump, at about half what the national average is for a house price,” he tells The Weather Network.

Pam Cherington, who runs Red Door Realty, says she’s been busy.

“You have to make sure that you’re in touch with a realtor that has a conscience and wants to make sure that they have given you all the information about the property. There are a lot of properties that are being sold that were on the market for a very long time before. They’re just tick, tick, tick, off,” Cherington says.

So if you’re considering making the move from Toronto to Halifax, how does the weather stack up?