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Halifax-Dartmouth area among Canada’s best places to buy real estate

By Kelli Rickard Apr 15, 2024 | 11:51 AM

According to a new real estate report, HRM has among the ten best locations to buy a home in Canada.

MoneySense partnered with Zoocasa , ranking 45 neighbourhoods and municipalities using a proprietary methodology, factoring in the average home prices, price growth over time, as well as neighbourhood characteristics and economics.

The MoneySense “Where to Buy Real Estate” report indicates Halifax-Dartmouth ranked number six in the country for value and growth.

This area has seen an average three-year growth of 54 per cent.

Top neighbourhoods to buy real estate within the area are Cole Harbour, Woodside-Eastern Passage, and Waverly-Fall River-Beaver Bank.

The area’s average home price last year was just over $519,000.

MoneySense editor-in-chief, Lisa Hannam says, “It was a slow year for the Canadian real estate market in 2023, and that’s a result of Canadians being unsure about the direction of interest rates.”

Hannam says, “With rates now expected to come down, buyers are eager to re-enter the market.”