CURRENT STATE of the Halifax Real Estate Market

[@user-yi5nu4gw2s]

Thanks for another great video. Like to stay current. Cheers

[@AndrewStephens]

Thanks for watching!

[@tomaszmachura1422]

Prices are insane. Those houses are not worth the cost honnestly.

[@trinitybricks9522]

Inflation

[@Mattb24241]

I cant wrap my head around the fact that houses that were being sold for say 280k in 2019 are now being sold for 500k i personally dont think they are worth that price, and if we get a change in government and then hopefully build more homes then people we allow into the country/province then we could see a huge crash. Also who is it that determines housing assesments? We see 100% assessment increases from 2019-2024 and that blows my mind

[@trinitybricks9522]

Inflation

[@theoffspring07]

​@@trinitybricks9522Greedflation

[@Mattb24241]

@@trinitybricks9522 I think it's more supply and demand , not so much inflation when it comes to housing. Inflation didn't go up 100%

[@trinitybricks9522]

A lot of items and services go into house construction, all these items and services prices have gone up what do you expect.

[@Mattb24241]

Yeah I agree when it comes to house construction inflation would play a big part, but when it comes to buying a house that is 20 years old I wouldn't say inflation is the main reason that a house doubled within 2 years

[@harjotsingh-ye4ls]

Hi i am a rough framer and i want to move in halifax do you think it is a good market to move in for long term?

[@AndrewStephens]

We definitely need more tradespeople! Cost of living is tough right now but overall Halifax is an awesome city!

[@rachelk8368]

Hold off on buying until 2026 when there is a new government that quashes demand and speculation (ie cuts immigration and international students + BOC holding rates longer)