Quote:
Originally Posted by OldDartmouthMark
Non-penthouse unit size ranges from just under 500 sq ft to 900, pricing roughly $500K-$800K.
Is that considered normal and “affordable” (i.e. what the average person would spend on a condo in Halifax nowadays) now? A single person is spending $500K on a 500 sq ft condo? To me it seems that the bar has been set kind of high (or low, depending upon how you want to look at it... lol).
|
Well, there are relatively few condos being built in Halifax so comparables are likely not easy to find, especially in that small size. Those amounts quoted strike me as remarkably similar to asking prices for equivalent-size units in Toronto 3 or 4 years ago at that market's peak before prices slumped badly the last few years. It's not unusual there now to see those kind of units selling (or staying unsold) at $100K or more below peak values. There are a lot of owners there underwater.
Threaded Mode