Halifax Peninsula real estate values are rising
Halifex Peninsula, one of Canada’s most valuable regions, is growing economically. According to experts, real estate values of Helifax Peninsula is increasing day by day.
The Halifax peninsula is Canada’s most expensive and prestigious district. The southern side of the peninsula offers the best of urban and suburban life. The most preferred area of the peninsula is Nova Scotia.
The area is home to not only downtown Halifax, which is a financial center, but also many historical centers, hospitals and universities.
According to realtors, the Halifax region has the most expensive housing prices compared to other Atlantic provinces. The highest number recorded in the provinces of the peninsula is $ 7.2 million. The property at Northwest Arm has been sold between $ 2 million and $ 4 million.
The property is sold at higher prices than the houses located at the seaside. Prices of houses close to the sea up to $ 5 million.
Mariana Cowan, a realtor and owner of Supercity Realty, said that buyers can expect to pay at least C$2.7 million to C $2.8 million “on average for a decent place on the water that needs minor work.”
Most of the houses were built in the 1920s and 1930s. In fact, the old houses have a modern look thanks to the renovations.
Realtor David Dunn “Most of these properties have been under the same ownership for 25 to 35 years, so they need to be updated. Much of the land on the peninsula is sloping, so flat land on the waterfront is priced at a premium.”
Many developers who build homes in the area use it for themselves instead of selling them.
“Some of the huge stately estates have been subdivided,” Ms. Cowan said. “And the houses built in the infills are in more modern styles. There are some contemporary ones that look like they are from California.”
Sevdenur Demir / [email protected]