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COVID-19 has been a boon to Halifax real estate market

Really had some disappointing results from it, Kenny said.
So Kenny and his wife took it off the market,waited,and then tried again this year.
The couple’s real estate agent, Scott Allison, told them that it was probably going to sell in a weekend.
He was right, and the Kennys did well in the sale.
It had about 16 or 18 people go through it, and it sold at 10 or 12 per cent above our asking price, Kenny said.
Allison says the real estate market is riding a healthy wave in the sales to listing ratio which measures if houses are selling for more than 100 per cent of the listed price. ....

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NetNewsLedger - Demand for Homes Resulting in Increases Real Estate Prices

NetNewsLedger
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TORONTO – BUSINESS – Residential real estate is surging. Demand for housing has exceeded supply through the last half of 2020. This has put pressure on home prices, which Royal LePage says, in their Market Survey Forecast predicts a five and a half per cent increase in the price of the average home in 2021.
The price of a home in Canada in 2021 across the country will be $745,100, while the median price of a two-storey detached house or condominium will be projected to rise by six per cent, and 2.25 percent respectively to $890,100 and $522,700.
“The leading indicators we analyze are pointing to a market that favours property sellers in the all-important spring of 2021,” said Phil Soper, president and CEO, Royal LePage. “Across the country, a large number of hopeful buyers intent on improving their housing situation were not able to find the home they were looking for this year, as the inventory of properties for sale came n ....

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