Office Vacancy Rates Climb Across The Maritimes
More office space hitting the market sent vacancy rates upward in five of Atlantic Canada’s largest cities.
More office space hitting the market sent vacancy rates upward in five of Atlantic Canada’s largest cities.
Corey Breau, president of the Saint John Real Estate Board, said he didn’t think the city would break last year’s record, and he certainly didn’t think the reocrd would break by as much as it did.
Rising prices—a consequence of booming interest in the area—have forced some residents to temper their expectations when browsing the market for their next or first property
In Moncton, 25 percent more homes sold this year than last year, but one company says inspections are down by 60 percent.
This year, Vida Living bought thousands of rental units across the Maritimes with a promise to change the way lower-income housing is run. Ron Lovett, Vida’s founder and CEO, hopes to continue transforming the tenant-landlord relationship.
Royal LePage predicts Halifax will be among the top three cities in the country that will see the largest increases in home prices next year.
With Halifax’s hot housing market keeping home prices far above their historical average, Carrie Knowlton-Trider, a realtor with RE/MAX nova, says it’s important for people to understand the hard work behind closing a sale.
Near record-breaking sales and elevated prices pushed the value of all home sales in Moncton to $104.7-million, which sets a new record for this time of year.
Greater Saint John saw a surge in new home listings last month, but high demand continues to push overall inventories to record lows.
The 419 units sold and the $119.8 million value of all home sales were new records for October, according to statistics from Greater Moncton Realtors.