[q12]

Halifax bucking the national trend with sales still up when most of the country saw a decline due to rising interest rates.

March home sales and new listings ease back following surge in February
Ottawa, ON, May 16, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in April 2022.

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in April 2022.

Home sales recorded over Canadian MLS® Systems dropped by 12.6% between March and April 2022. The decline placed monthly activity at the lowest level since the summer of 2020.

While the national decline was led by the Greater Toronto Area (GTA) simply because of its size, sales were down in 80% of local markets, with most other large markets posting double-digit month-over-month declines in April. The exceptions were Victoria, Montreal and Halifax-Dartmouth where sales edged up slightly.

https://creastats.crea.ca/en-CA/

I thought it was a joke': N.S. homes are selling for well over the asking prices

Nova Scotia's red hot real estate market continues to surprise, with hundreds of homes selling for tens of thousands of dollars over asking prices -- making some homeowners instant millionaires.

A home in the Hammonds Plains, N.S., area was still on YouTube Wednesday, although it had already sold for $1,000,314 — some $400,000 over asking.

https://atlantic.ctvnews.ca/i-though...ices-1.5899525

This 2,000 sq ft. house (including the garage) out in the suburbs (not on a lake or oceanfront) that sold for $346,500 in 2017 just sold for $1,000,314.