Norma Cameron Sutton Real Estate,3845 Joseph Howe Drive Halifax, NS B3L 4H9
Phone: 902-453-5552 Mobile: 902-233-6840 Email Norma


HALIFAX - BEDFORD - DARTMOUTH

 



 

Halifax NS

Condo Market History & Overview

Condominium development in Halifax really began in the mid 1980’s. There were a few condo developments before that, Convoy Estates and Cowie Hill come to mind, and a number of large apartment buildings were converted to condo units and sold, but when luxury buildings with views & amenities and modern finishes started to rise up in nice locations the market took off and hasn’t really stopped since although there have been ‘market adjustments’.

The second boom started in 2002 with exciting new condo developments the driver of sales.  Many new developments were financed by developers with mid eastern business investors.  Halifax and Nova Scotia have a large multicultural population, achieved over many years. With Dalhousie, Saint Mary’s, Mount St Vincent universities in Halifax and the other universities throughout the province exposing our lifestyle and beautiful surroundings while educating young people from all over the world, it’s no surprise that our market remains stable.

There are really two condo markets, the new development market and the existing or used condo market and therefore two pricing streams.  The price spread between them is smaller when the more exclusive locations are sought.

Norma  902-443-6840

 ncameron@sutton.com        Sutton Office 902-453-5552

 
 

 

 
 

 



THE MARKET TODAY


The market conditions in HRM are area specific. 

The penninsula of Halifax is where the majority of universities and hospitals are located where you are never far from the waters of Halifax harbour.

The military has a presence here too with Stadacona base, Windsor Park, the historic Artillery Park and Citidel too. 

Mount St Vincent University is in area 5 Clayton Park/Rockingham and the Darmouth General Hospital is in Dartmouth.