General Updates and News

[Dmajackson]

I'll get some photos when I see the daylight next but for now;

- Crane is going up at 2487 MAYNARD STREET - 5 floors

- Excavation is starting at 294 WINDMILL ROAD (at Farrell) - 7 floors

[Dmajackson]

HalifaxDevelopments.ca (Photo by David Jackson)

[LikesBikes]

Is that normal to need a rodent control operation at this stage of development?

[Dartguard]

Originally Posted by LikesBikes

Is that normal to need a rodent control operation at this stage of development?

Actually Bikes yes it is. I know you moved here from Ottawa and perhaps that City has a rodent problem of a political sort but Halifax and environs are a Port Town. As such there are literally Rat variations and descendants from the Original European contact dating from the early 1600's.The massive Construction disruption in the Glacial Till that makes up most of the East Shore of Nova Scotia has displaced the Rats nests all over the City.
I remember celebrating my Brothers Birthday on Argyle street back in 2012 while the Convention center was under excavation and Rats were scurrying just as the Sun went down. They live among us.

[Jstaleness]

Happy Holiday's to all of you no matter how or what you celebrate.

[OldDartmouthMark]

Originally Posted by Jstaleness

Happy Holiday's to all of you no matter how or what you celebrate.

Same to you and everyone else who reads this fine forum!

[HalifaxRetales]

there was permit request submitted to
renovate this office building into 70 residential units

71/73 Tacoma

[Keith P.]

Ha! My dentist used to be in that building. He sold his practice and has been out of there for many years but his sign is still on the building. The owners don’t seem to be much for maintenance. It hasn’t been refreshed for a very long time.

[Empire]

Originally Posted by Keith P.

Ha! My dentist used to be in that building. He sold his practice and has been out of there for many years but his sign is still on the building. The owners don’t seem to be much for maintenance. It hasn’t been refreshed for a very long time.

It had red tin siding plastered on it a few years ago....

[Jstaleness]

Originally Posted by Empire

It had red tin siding plastered on it a few years ago....

I was going to say just that. I actually thought it was just painted. Either way, it's aging terribly, so I am hoping for a full reno reality

[Dmajackson]

WESTWYN - 3036 OXFORD STREET





(both photos taken by me. See my signature for a link to my blog)

[OldDartmouthMark]

Halifax Alehouse sold almost exactly two years after patron's death

The Halifax Alehouse and HFX Sports Bar properties were bought by a company owned by George Ramia on Dec. 20, according to records on the province's land registry.

Ramia, who owns several properties in downtown Halifax, including the Keg Steakhouse restaurant behind the Alehouse, did not respond to requests for comment.

The property was listed on real estate company Avison Young's website with an asking price of $10 million.

"This property has been a staple in the Halifax dining and nightlife scene since before 1990," said the listing. "Now home to the family owned and operated Halifax Alehouse, it remains an iconic destination, renowned for its Maritime charm and character."

The future of the building, which was built in 1893, is unclear after the sale. A spokesperson for Halifax Regional Municipality said the property was being considered for heritage status, which could have protected the property from development.

[Dmajackson]

Killam REIT owned VICTORIA GARDENS (171 Victoria Road, Dartmouth) has submitted a development-only permit for a new 95-unit building. There were some renovations done last year so I don't think any demolitions will happen. My best guess is this will along Demetrous Lane where a 65-unit building was planned back in 2006 but never constructed.

2006 PLAN FOR VICTORIA GARDENS EXPANSION

[Colin May]

The market in HRM has changed and now we can look forward to lower mortgage and rental costs.
This from Toronto :
" During the real estate frenzy in late 2020, Joe Baradziej decided to buy a $2.195-million preconstruction condo in his tree-lined neighbourhood of Leaside in midtown Toronto. He provided the developer with a deposit of $439,000, the equivalent of 20 per cent of the purchase price. His two-bedroom place with a grand view of city was on the fifth floor of an eight-floor luxury condo building.

When the building was nearing completion last fall, Mr. Baradziej got the property appraised in order to secure a mortgage. Documents viewed by The Globe and Mail show the appraisal came in at $1.6-million – 27 per cent below his purchase and sales agreement, a legally binding contract with the developer.

Lenders will only provide a mortgage based on the appraised value, so Mr. Baradziej was on the hook to bridge the $595,000 gap. He could not sell the rights to his contract, also known as an assignment sale, until the developer sold 90 per cent of all the building’s units, a common practice in the industry.

Because the condo market is in the gutter, Mr. Baradziej did not want to risk refinancing his current home to make up the shortfall. In the end, he decided to forgo his deposit. "
https://www.theglobeandmail.com/business...s-preconstruction-condos-now-worth-less/

The buyer lost over $450,000

[Arrdeeharharharbour]

I wonder if buddy in Toronto was playing outside his comfort zone? I suppose we'll never know. Regarding our Halifax housing market, I suggest we may be in a better place than others in many areas of Canada. An increase in military spending should translate into more defense industry workers and military personnel who will require housing. ...maybe they'll want Shannon Park back? (kidding...maybe)

[Colin May]

Originally Posted by Arrdeeharharharbour

I wonder if buddy in Toronto was playing outside his comfort zone? I suppose we'll never know. Regarding our Halifax housing market, I suggest we may be in a better place than others in many areas of Canada. An increase in military spending should translate into more defense industry workers and military personnel who will require housing. ...maybe they'll want Shannon Park back? (kidding...maybe)

The market changed as described in my post. Read the link.
Halifax is not some place divorced from reality, go to a grocery store and watch buyers.....or go to several retail outlets....money is tight and many business people are having a tough time.

And this ..." The tentative recovery in the Toronto-area real estate market has given way to another bout of the jitters.

Listings are surging in February and buyers are pulling back, industry players say.

The anxiety surrounding U.S. President Donald Trump and his threat of imposing hefty tariffs on imports from Canada has smothered the positive signs that were beginning to emerge, says John Pasalis, president of Realosophy Realty.

“The sellers are there, but the buyers are on the sidelines. It’s leading to a very sluggish market, and now we have this massive cloud of uncertainty.”

In January, sales in the Greater Toronto Area fell 8.9 per cent compared with the same month last year, according to the Toronto Regional Real Estate Board.

Active listings, meanwhile, ballooned 70 per cent last month from January, 2024.

Sales in January increased 10 per cent compared with December on a seasonally adjusted basis, according to economist Daren King of National Bank of Canada. That improvement followed an 18.2 per cent dive in December from November on a seasonally adjusted basis.

“On the supply side, it has become apparent that the cumulative fall in interest rates has prompted many sellers to list their homes in the face of what could be a good year for the housing market,” Mr. King says in a note to clients.

New listings soared 26 per cent from December to January and reached their highest level since March, 2021, he points out.

Active listings swelled by 10.5 per cent during the month to their highest level since January, 2009.

With looser market conditions, prices remained flat from month-to-month, Mr. King says.

Globe & Mail earlier today https://www.theglobeandmail.com/real-est...les-the-toronto-area-real-estate-market/

[Dartguard]

Originally Posted by Arrdeeharharharbour

I wonder if buddy in Toronto was playing outside his comfort zone? I suppose we'll never know. Regarding our Halifax housing market, I suggest we may be in a better place than others in many areas of Canada. An increase in military spending should translate into more defense industry workers and military personnel who will require housing. ...maybe they'll want Shannon Park back? (kidding...maybe)

Oh Boy Shannon looks like a great big wouda, couda, shouda now. DND left the buildings there in a habitable state but time, Winters and neglect will have their say. DND might need to rebuild a Community if we go back to 1960's defence spending. We had a real Navy then, well balanced and plenty of support onshore.

[AnotherNorthender]

Speaking of Shannon Park, any idea of when we can expect ground to be broken? I recently drove through the Ocean Breeze community and it looks like almost half of the buildings are demolished or boarded up/fenced off to be demolished... lots of future growth coming to the area - just a matter of when.

[Dmajackson]

THE JOSEPH (3509 Joseph Howe Drive)

There is a rendering in AllNovaScotia today of this project. It is a Alphonce Developments Ltd partnered project. It's 7-storeys and roughly 168 units. It will appear as two buildings connected via underground parking.

The developer is also behind The Rob, and Robie + May.

[HfxGuy]

The rendering can also be found on their website here:
https://www.alphonce.ca/coming-soon