Home sales in Halifax area down 12.6%

THE CANADIAN PRESS AND OUR STAFF The Chronicle Herald – January 16, 2016 Edition OTTAWA –Sales of existing homes rose 10 per cent in December compared to the same month the previous year, the Canadian Real Estate Association said Friday. But in the Halifax-Dartmouth area, December real estate sales were down 12.6 per cent, compared with the same month theprevious year, according to numbers released Friday. The Canadian Real Estate Board said total residential and non-residential sales on the Multiple Listing Service for the area for December totalled $64.1 million. Sales in the residential category declined 9.4 per cent for…

Silver lining for new buyers in N.S. real estate market

  ROGER TAYLOR BUSINESS COLUMNIST rtaylor@herald.ca CH_RogerTaylor  The Chronicle Herald – January 16, 2016 Edition Housing statistics for Nova Scotia are pretty dismal right now, which puts everyone in the real estate sector in an awkward position. While nobody, especially those in the industry, wants to talk down the market, there is no denying that sales conditions could be better. But veteran real estate agent Ed Power of Re/Max Nova says there is no point in trying to soft-pedal the numbers, as it only leads to disappointment for the homeowners. Statistics show that sales are down, yet some people are…

URB hearing must wrestle with off-grid rules

RACHEL BRIGHTON rbrighton@herald.ca Rachel Brighton, a freelance journalist and former magazine publisher, writes on industry, ethics, economics and the environment. The Chronicle Herald – January 16, 2016 Edition The plan to allow Nova Scotians to buy renewable energy from suppliers other than Nova Scotia Power Inc. may fail to take hold in the short term. But it points toward a smaller role for the power utility in the future, as competitors chip away at the legal framework supporting the power utility. On Monday, a hearing will begin before the Nova Scotia Utility and Review Board to review a new system…

REAL ESTATE MARKETS – Halifax homes to stay stable

Average price expected to reach $313,300 this year: Royal LePage THE CHRONICLE HERALD – January 14, 2016 Edition newsroom@herald.ca @chronicleherald The average price of a home in Halifax is expected to grow by a modest 2.5 per cent in 2016, Royal LePage says. Overall, house prices are forecast to be $313,300 this year, according to an updated price survey and market outlook released Wednesday by the real estate brokerage. The average was $305,700 in 2015. Ian Hamilton, a Realtor and owner of Royal LePage Anchor Realty in Halifax, said prices are expected to remain stable due to continuing oversupply. Some…