House sales slow but prices still going up

Sluggish job growth cited as primary reason for turgid real estate market ROGER TAYLOR BUSINESS COLUMNIST rtaylor@herald.ca @CH-RogerTaylor  August 21, 2015 – The Chronicle Herald Selling real estate is a tough business, and nobody knows that better than real estate agents trying to make a living selling houses in Halifax. Some agents in the market have been telling me they haven’t witnessed sales this slow in many years. Some have even gone so far as to suggest the market has crashed. That may be an extreme description, but one Realtor, who asked me not to use his name, says he’s…

STILL PAYING – School site cost city $1.2m

Other bills not included BRETT BUNDALE HALIFAX CITY HALL bbundale@herald.ca @bbundale August 20, 2015 – The Chronicle Herald Halifax has doled out more than a million dollars on maintenance, utilities and security at the old St. Patrick’s-Alexandra School site since taking over the building in 2011. The municipality’s bill for the north-end property, stuck in a legal battle for years, reached $1.2 million at the end of March. It’s unclear how much Halifax has lost in foregone property tax revenue as the 1.5-hectare lot sits idle, or the size of legal costs related to the dispute of the sale of…

Earthly goods for sale -Archdiocese puts downtown Halifax building on the block

EVAN WEBSTER ewebster@herald.ca @evanjwebster August 18, 2015 –  The Chronicle Herald A sizable chunk of property is for sale in downtown Halifax. The two buildings at 1521 and 1531 Grafton St. feature 33,861 square feet of office and retail space. Owned and operated by the Archdiocese of Halifax-Yarmouth, they are home to the organization’s head office and several small businesses. Tom Gerard, a real estate broker with KW Commercial Advisors in Halifax, said developers are most likely to purchase the property and turn it into condominiums. ‟That’s who’s got the highest value in terms of redevelopment,” he said in an…

URB favours EfficiencyOne proposal

Agency’s $102.1m is 10% less than requested, but more than NSP or province sought JOANN ALBERSTAT BUSINESS EDITOR jalberstat@herald.ca @CH_JAlberstat August 13, 2015 – The Chronicle Herald EfficiencyOne has won its battle with Nova Scotia Power over how much should be spent on electricity conservation programs, although the agency will get to spend 10 per cent less than it had proposed. The provincial Utility and Review Board approved a $102.1 million, three-year spending plan Wednesday for the non-profit agency. EfficiencyOne’s budget will be $33.2 million next year, $34 million in 2017 and $34.9 million in 2018. The approved budget is…