Why Halifax Homes Are Getting Pricier During The Covid-19 Recession
Residential home sales in Halifax have plummeted to their lowest levels in decades, but homebuyers shouldn’t expect a deal on their next dream house.
Residential home sales in Halifax have plummeted to their lowest levels in decades, but homebuyers shouldn’t expect a deal on their next dream house.
Brock Rogerson, who currently owns about 133 residential units in Saint John, says the building on Prince William Street has great potential if the planned Fundy Quay project goes ahead.
N.B. real estate agents and property owners are selling homes and renting apartments during the coronavirus pandemic using new technologies and social distancing practices.
A local developer plans to build a $250-million commercial and residential development on the former Coast Guard site, but the project needs provincial funding to help with seawall repairs.
The average rent in Greater Moncton went up by 3.6 per cent to $794 and the vacancy rate has dropped to 2.7 per cent, increasing the need for buildings with more affordable rents.
Centennial Heritage Properties Inc plans to invest more than $48-million to redevelop the building in downtown Fredericton.
Dieppe has also set a record with $96.6 million worth of building permits issued so far this year, almost $40 million more than the same time last year.
The $3.2 million project project will include affordable apartments and community spaces.
The garage, located on the corner of Canterbury and Grannan Streets, will be redeveloped into The Telegraph, which will house 32 residential units and street-level retail or commercial space.
La Place, owned by Adelin Properties, is offering short-term rentals at the downtown Moncton space where the property management company operated out of before it moved to Dieppe.