Halifax Real Estate Podcast

If you are a real estate investor, or someone looking to purchase a cottage in Nova Scotia, be careful because as of TODAY the province of Nova Scotia has increased the deed transfer tax for non-residents from 5% to 10% of the total purchase price. THIS IS AN ADDITIONAL EXPENSE ON TOP OF THE DEED TRANSFER TAX CHARGED BY INDIVIDUAL MUNICIPALITIES IN NOVA SCOTIA. What does this mean?If Halifax charges 1.5% deed transfer tax for a purchase of a property, a non resident purchasing a property will be charged an additional 10% making it 11.5% total paid out to purchase that property for the non-resident. Any quesitons, let met know!Jason Paul902-220-7357jason@infinityrealestategroup.ca

Mortgage delinquencies increased over 90% in Q4 in Ontario in 2024! Is this a sign of things to come to Nova Scotia? Why are delinquencies on the rise? Is it because of Ontario's high home prices and the rise of interest rates? Are mortgage renewals at a higher interest rate effecting homeowners ability to make their mortgage payments? Is it the cost of living crisis? Is this a blip?Is this a canary in the coal mines for Nova Scotia? A sign of things to come our way in a few months time? Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorMatt Legatto902-240-3304matthew.legatto@indimortgages.ca

If you're a long time listener of the podcast, you may remember my close friend Chris Johnson came on the podcast as a guest a few years ago in our First Time Home Buyer episode! At the time, Chris was getting ready to buy his first home, and wanted to learn as much as he could about the process. A few years and a lot of home searches later, Chris finally bought a home!Chris is back on to talk about the house he bought, the long list of DIY renovations he's done to the home, what he's learned and so much more!EnjoyJason Paul 902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Hello and welcome back to the Halifax Real Estate Podcast!Today's episode is a little different than our usual content, I'm the subject of today's podcast! I was lucky enough to have been invited to be a guest on a social media collaboration with content creator, Jitakshi, and we talk my experiences over the last 8 years as a Realtor in Halifax, my thoughts on work life balance, business, and a few other things I don't want to spoil. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorJitakshi @creative.j.mecreativej.me@gmail.com

Did you know that about 60% of mortgages in Canada are up for renewal in 2025 and 2026?And these are mortgages from 2020 and 2021, when people locked in historically low interest rates of 1.5-2.5%. That means they'll be renewing new mortgage terms with interest rates in the 4s! What's the impact the new interest rates will have on people's monthly mortgage payments? Will we see more people return to the real estate market because they need to sell their home, or they want to change homes because of the shock of the mortgage payments? How are people affording historically high home prices in Halifax in 2025? Especially when people are paying higher interest rates! All that and more on this episode of the Halifax Real Estate Podcast.Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorAndrew Hutchison902-240-7212andrew@hutchisonmortgages.ca@andrew_hutchison_mortgages

Just a little public servicement announcement about how to navigate your mortgage renewals this year. It's important that you know you can negotiate the interest rate with your bank. And especailly important for you to know that you can in fact shop around for the best interest rate possible. I know it's not always about the rate when it comes to finding the right place to park your mortgage, but just remember you do not accept the banks first rate!And if you need help with your mortgage renewal, I can put you in touch with Andrew Hutchison at Indi Mortgages. Jason Paul902-220-7357jason@infintiyrealestategroup.ca@jasonpaulhalifaxrealtorAndrew Hutchison902-240-7212andrew@hutchisonmortgages.ca

Welcome back! If you're in the world of real estate investing, you've probably heard of seller financing/vendor takeback on other podcasts, other platforms, and it sounds amazing! You as the seller, essentially becoming the bank and holding the note for the mortgage and the buyer pays you every month, interest included. But you might be curious as to how seller financing/vendortakeback works, what are the pros and cons, how this can be a benefit for both the buyer and seller involved in a deal, and how this can be a great option to get a deal done!Jeremy Zwicker is a real estate investor who sold his 10-unit dwelling on 32 acres of land just outside of Truro last year using seller financing/vendortake for the first time in his career. We explore how the deal worked, how Jeremy and the buyer structued the deal to be a win-win for both parties, why seller financing/vendortakeback was the best way to structure this deal, what the terms were, and what Jeremy looked out for to make sure this was the best deal for him. Enjoy!Jason Paul902-220-7357jason@infintiyrealestategroup.ca@jasonpaulhalifaxrealtor

The February 2025 market stats in Halifax came out this past weekend and they are interesting!In January 2025 we had an all time high sales price of $617k, and February 2025 had a small drop off for an average sale price of $609k. It's interesting because January almost felt like an anomoly in a sense because home prices had been declining in Halifax steadily since May 2024. We had a sudden jump of $37k in average price point from December 2024 to January 2025, which felt like an outlier, but February holding strong in a high average sales price shows that the market is heating up and prices are still hanging onto all time highs. February received a little more inventory (homes for sale,) which saw us go from 792 units for sale to 827 units. This impacted our months of supply from 1.9 months to 2 months. New listing was down in February 2025 to 424, from January which saw 449 new listings come to market. In my experience, the weather definitely impacted this as Halifax and Nova Scotia saw some pretty miserable weather throughout February. Which would have delayed a lot of sellers from listing their homes until the weather turns better for potential buyers. The last big one would be days on market going from 29 days to 39 days, quite the huge jump in today's market, considering housing prices are still hanging around that all time high number. Be interesting to watch this metric play out over the busy spring market. Average Price: $609,242Months of Supply: 2New Listings: 424Homes For Sale: 827Days on Market: 39Pending Sales: 299Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Is Canada too obsessed with real estate? With over 20% of Canada's GDP tied up in the housing market, it's a question Matt Legatto and I are tackling on today's podcast. Fromyour parents, to social media influencers, to real life examples in our everyday lives, real estate is a wealth generator, especially in the last 5 years. Real estate prices and accessibility are causing such a hot button topic in today's Canada, especially in Nova Scotia, because average people on average incomes want the benefits and the security of home ownership. For the last 5 years people have been speculating when the Canadian housing market will crash, will it? Can it? With over 20% of Canada's GDP being tied up in housing, can the country actually afford a housing crisis? That's peoples retirements, security, savings, and livelihood potentially being wiped out if the housing market were to crash and house prices in Canada were to reset. But with that being said, does that mean as a country, we are too obsessed with wealth generation through real estate? If there were other sectors for individuals to gain wealth and prosperity, would they have so much of their holdings tied up in real estate assets? If the GDP was spread more evenly through sectors, the country could theoritically sustain some economic hardships in that one specific sector if everything else was so healthy. Enjoy!Jason Paul902-220-7357jason@infintiyrealestategroup.ca@jasonpaulhalifaxrealtorMatt Legatto902-240-3304matthew.legatto@indimortgages.ca

Are you thinking of selling your home this spring? Well guess what, you're already late! Richard Payne is back on the Halifax Real Estate Podcast to help me breakdown the step by step process of selling your home for the highest dollar amount, in the shortest amount of time! How important it is to declutter and clean your home properly. The single greatest return on investment you can make when getting your home ready for market, PAINTING! The biggest pitfalls sellers, and Realtors, make when selling a home. Like using a comparable from 2 years ago when trying to find the right price for your home. Ignoring key indicators of market activity on your listing, like the amount of viewings you're having, or the amount of offers you are or are not getting. How to make your home standout amongst all the other homes on the market by staging consultations, pre inspections, and all of your paperwork ready up front. The timeline it takes to get a home ready for market (30-60 days), meaning if you want to sell your home this March, you should've started your home preparation back in january 2025 at the latest. And so much more!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorRichard Payne902-489-1804richard@richardpayne.ca@halifaxhomesandlifestyles

So, wouldn't you believe that a day after we recorded the first part of this episode in October 2024, the very next day the Federal Government announced more changes to mortgages! So obviously I had to have Matt Shallo & Matt Legatto back on the podcast to break down the second round of changes from the Federal Government. The second round of changes focuses far more on homeowers being able to access capital (debt), to be able to renovarte their homes for additional units via backyard apartments, basement apartments, secondary suites, and laneway houses. How? CMHC is allowing changes to the after renovation value, and the loan ratio to that value, once the home renovation has been finished. Basically, you're allowed an ARV (after renovation value) of $2M, and you can access up to 90% of that new value in a loan against your property. A 10% increase from the original 80% loan to value CMHC would provide. As well as a few other minor changes. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Matt Shallo782-640-8533matthew.shallo@indimortgages.caMatt Legatto902-240-3304matthew.legatto@indimortgages.ca.

So last week I helped a member of our military find their home in Halifax after being posted to here from Ontario. We ran the pre approval, got the purchase amount, and arranged all of the viewings for the house hunting trip. (The military only gives you a week to find your house, so we had a lot to do in a short amount of time.) On the first day of the house hunting trip, we saw 8 mini/mobile homes in the Lower Sackville area, and I noticed something strange. All 8 mini/mobile homes I showed on the first day were vacant. VACANT. Nobody lived in any of them. In 8 years of being a Realtor, I've never come across so many vacant homes before, especially in one specific area under one specific purchase price. I got home that night and checked the owners of the mini/mobile homes. Why? Because if real estate investors are holding these mini/mobile homes as investment properties, they'll be in a corporation or a trust... Only 1 of the 8 was in a corporation, and was clearly a professional flip done by the corporation. Interesting right? The other 7 were all owner names and assumed at one point to be owner occupancy, but now they're gone? It's interesting because mini/mobile homes are entry price points to the real estate market. Mini/mobile homeowners are not typically affluent people who can afford to hold a mini/mobile home vacant, while paying rent or another mortgage somewhere else. Where did everyone go?Just a thought, something I noticed that I thought I'd share with you. Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Logan Tomcik is BACK on the Halifax Real Estate Podcast to discuss how he's built his real estate business with social media over the last 6-12 months, specifically for Instagram and YouTube! Are you a Realtor and have problems creating content that curates engagement from your followers and grow your audience? Logan might some solutions and best practices you can use for your business. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Logan Tomcik 902-698-2111logan@exprealty.com@logan.realtorbrew

The Halifax real estate market in 2025 has started off with a BANG!! With an all time high average sales price of $617,593 per unit sold in January 2025. This is a $36,567 increase from the average sale price in 2024 which was $581.026, or a 6% increase from month to month. It's particularly interesting because Halifax hit an all time sales high in April 2024 at $612,873 per unit, which happened in a high interest rate environment. Since April 2024 the Bank of Canada has cut interest rates 5 times, for a grand total of 1.75 basis points in cuts. Since the first interest rate cut in June 2024 the average sales price in Halifax has only gone DOWN. So why the sudden increase? The Bank of Canada had its 2 largest interest rate cuts in October and December 2024. Are we seeing the impact of those 2 key interest rate cuts finally impacting the market? Is consumer (buyer) confidence returning to the real estate market in Halifax? Did Halifax just have a significant amount of expensive home sales in January, which drove up the average sale price? Are people getting ready for a competitive spring market and getting ahead of the herd with their home purchases so early in the year?Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor

In April 2024, Halifax set a new record for average sale price per unit in the city's history at $612,873!!Now that sale price high was achieved in a high interest rate environment. Since June 2024, the Bank of Canada has cut it's prime lending rate 5 times for a total of 1.75 basis points. Since those 5 interest rate cuts, Halifax's average home price has only come down, leading to an average sales price of $581,026 in December 2024.In 2020, when the Bank of Canada cut rates to keep the economy going despite the COVID-19 pandemic, house prices across Canada increased signficantly over a short period of time as buying homes and access to money became more affordble. Leading to the real estate industry believing the same thing would happen in 2024. But prices have only come down since interest rates started being cut. So where are the buyer's?Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorMatt Legatto902-240-3304matthew.legatto@indimortgages.ca

At the start of 2024, there was a lot of speculation in the real estate industry about the bank of Canada cutting its prime rate throughout the year. Indsutries spent a lot of time projecting the Bank of Canada's interest rate policy cuts throughout the year. Andrew Hutchison from IndI Mortgages and I sat down to go through CIBC's head economist, Ben Tull, projections of the Bank of Canada interest rate cuts throughout the year, and to discuss the impact these potential cuts may have on Halifax's real estate market. 2024 ended with a bang with the Bank of Canada cutting its prime lending rate by 50 basis points in October 2024 and another 50 basis points in December 2024, making it a total of 1.75 basis points cut in 2024. Andrew's back to review the year in interest rate cuts, the impact on Halifax's real estate market, and our projections for further cuts in 2025. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Andrew Hutchison902-240-7212andrew@hutchisonmortgages.ca

The Housing Accelerator Fund was introduced by the federal government in 2023 as a means to bring funding and housing density to municipalities across Canada. If cities could provide approved housing projects in certain timelines, there were grants that the federal government was willing to provide. Kevin Riles from KWR Approvals is back on the Halifax Real Estate Podcast to provide insight into how the housing accelerator has impaced Halifax through its re structuing of zoning, applicationapproval and development process and what it looks like for housing density in Halifax.Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorKevin Riles902-403-7847kevin@kwrapprovals.com

Richard Payne is BACK on the Halifax Real Estate Podcast for our annual review of Halifax's real estate market in 2024. From a record setting average sales price in Halifax's spring market, to the impact of consecutive interest rate cuts from the Bank of Canada, to our speculation of what's going to come to Halifax's real estate market in 2025. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Richard Payne902-489-1804richard@richardpayne.ca@halifaxhomesandlifestyles

The Federal Government announced the following changes to mortgages in September 2024. CMHC Insured mortgage cap raised to $1.5M from $1M.First time home buyers and purchasers of new construction homes can access 30 year amortization periods starting December 15th 2024. A mortgage renewal will no longer need a stress test when changing lenders. Nearly 4 million new homes to be built.Matt Shallo & Matt Legatto join me to break down the impact these changes will have on home buyers, home owners, and first time home buyers! Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Matt Shallo782-640-8533matthew.shallo@indimortgages.ca@mattshallo.mortgagesMatt Legatto902-240-3304matthew.legatto@indimortgages.ca@mattlegatto.mortgages

September 2024 Market StatsAverage Price: $580,344Month Supply: 2.7 Months (an all time high since May 2020)New Listings: 615Homes For Sale: 1074 (an all time high since July 2020)Days on Market: 11Pending Sales: 411Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Ian Armour & Manny Shiferaw are back on the Halifax Real Estate Podcast to breakdown investing in real estate through Joint Venture Partnerships! What joint venture partnerships are, defining the roles of the individuals in the joint partnership, drafting joint venture partnership agreements, protecting yourself from unexpected circumstances that can arise in joint venture partnerships, and how you can find a joint venture partner whether you're the capital side or the working side of the relationship. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Ian Armour ian@refinedrealestate.ca@refinedrealestatensAmmanuel ShiferawInstagram: @shifpropertiesTiktok: @mannyshifmanny@venturecocapital.com

We have our first interest rate of cut 2024!! on June 5th, the bank of Canada accounced a .25% basis point cut to its lending rate. Andrew Hutchison is back on the Halifax Real Estate Podcast to discuss the impact this rate cut could have on Halifax's real estate market, further rate cuts in 2024, and so much more!Jason Paul 902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Andrew Hutchison 902-240-7212 andrew@hutchisonmortgages.ca

The market stats for Halifax is out for April 2024!Average Price Point: $607,013 (down from April's $612,873)Months of Supply: 2.5 months (up from April's 2.1 months)New Listings: 778 (up from April's 703)For Sale: 849 (up from March's 778)Days on Market: 8 (up from April's 6)Pending Sales: 566 (up from April's 508)Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

The market stats for Halifax is out for April 2024!Average Price Point: $612,873 (down from March's $569,164)Months of Supply: 2.1 months (up from March's 2 months)New Listings: 703 (up from March's 468)For Sale: 849 (up from March's 778)Days on Market: 6 (down from March's 11)Pending Sales: 508 (up from March's 380)Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Today's little guest spot is sharing my experience on my latest listing that sold in Halifax, 118 Sherbrooke Drive. I find that people only see the sign go up, and the social media post that says that the house has sold for a certain amount over the asking price.When there's a lot more to it. So I recorded this little podcast to tell you about the selling process, that started back in November 2023, to where we get to hang the sold sign up today. From getting the listing ready for market with Staging ConsultPre Inspection PaintingPhotos & VideoSocial Media ContentTo having the home come to the market, and the experience we had with 25 viewings, 132 open house guests over 6 hours over a 2 day period, to the amount of offers we've received and ultimately how we sold the property. Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorwww.infinityrealestategroup.ca

The market stats for Halifax is out for March 2024!Average Price Point: $569,164 (down from February's $572,352)Months of Supply: 2 months (up from February's 1.9 months)New Listings: 468 (up from February's 380)For Sale: 778 (up from February's 746)Days on Market: 11 (down from February's 37)Pending Sales: 380 (up from Februry's 325)Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

My wife Anja and I bought our first home, Murphy's Ridge, in the gaspereau valley of Nova Scotia! When we purchased it, we had planned it to be a cosmetic renovation, paint, flooring, kitchen and a bathroom updates were all we wanted to do!Oh, we were so young and naive. When we moved into Murphy's Ridge, it was soon abundantly clear that our first home was going to be a complete gut and remodel. Everything in the home had to be taken down to the studs and start fresh from scratch! As first time home owners, and first time renovators, we've seen it all from water damage, structure issues, burst plumbing, new heating systems, new kitchen, bathroom, and so much more!Enjoy the podcast. Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Over the last few weeks I've noticed multiple offers have come back to Halifax's real estate market with a vengance. Particularly in the first time home buyer price point of homes listed under $500,000! A semi detached home I showed a few weeks ago received 16 offers and sold for almost $100,000 over the asking price! A fully detached home I showed also received 12 offers and sold for almost $120,000 over the asking price! As we move into the spring market, our busiest market of the year, it appears home buyers have come back to the market in significant numbers. Especially with so much speculation going on about the bank of Canada dropping interest rates this year. From what I'm seeing, anything listed below $500,000 and you can expect to compete for the home. Listings $500-$600 are receiving multiples as well, but not to the extent of the first time home buyer price point, and the $600s and $700s may receive multiples but it entirely depends on the location, condition and price of the homes. If you're in the first time home buyer price point, make sure you sit down with your Realtor to come up with a strategy to get you into home ownership!Best of luck!Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

New Realtors, Welcome to the indsutry! Logan Tomcik has been a licensed Realtor in Halifax since July 2020, and he's here today to talk about all things new Realtors. From our own experiences of trying to navigate the real estate industry as new agents trying to meet clients and convert sales. The thngs we've learned along the way, the mistakes we've made, and yes, those do happen! To our best advice to anyone trying to build a successful career in the real estate industry. We hope this helps. Sincerely, JasonJason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.com@jasonpaulhalifaxrealtorLogan Tomcik902-698-2111logan@exprealty.com@logan.realtorbrew

The Sale of Buyers Property (SOBP) clause/condition can be attached to an offer to purchase a home when the buyer needs the money out of the sale of their old home to complete the financing/purchase of their new home. Now, this condition/clause was common throughout the years up until the 2020 real estate market when multiple offers made that particular condition extinct. Now after all of the interest rate hikes, and a slow down/cooling of the Halifax market, the real estate industry has seen a return of the SOBP clause as buyers try to move into new homes in different price points or provinces.Richard Payne is back on the Halifax real estate podcast to help me break down the SOBP clause!Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtorRichard Payne902-489-1804richard@richardpayne.cawww.richardpayne.ca@halifaxhomesandlifestyles

Average Sales Price: $572,352 Months of Supply: 1.9 MonthsNew Listings: 380Homes for Sale: 746List to Sale Price: 99.7%Days on Market: 37Pending Sales: 325Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

In the fall of 2023 the Canadian government announced that they will be waiving GST/HST taxes on any and all new developments in Canada, in a hope to bring more supply to the market to help solve Canada's housing crisis. Travis Mills is a small developer in king's County Nova Scotia, and has over a decade of experience flipping homes, converting single family homes into multi units, and has built several apartment buildings with several more on the way. Travis is here today to break down what it's like to build an apartment building in today's market, and the impact waiving GST/HST will have on developments in Canada.Enjoy!Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtorTravis Mills902-300-8948

Just outside of Halifax, in the heart of Porter's Lake Nova Scotia, is the incredible adventure getaway Porter's Peak. Featuring cabins, domes, luxury tents, hiking trails, ATV tours, paddle boarding, and kayaking, this pet friendly unplug and unwind retreat is built by Avery Birch. Today's podcast Avery Birch is back to discuss the shift in his mindset in his short term rental business after the COVID-19 lockdowns, and how this mindset shift lead Avery to purchase 250 acres in Porter's Lake Nova Scotia to create Porter's Peak. Jason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtorAvery Birch902-266-8682avery.birch@gmail.com

Q: When's the right time to buy a home?A: When you're ready!!That's the truth of it.There's so much noise and speculation regarding real estate all the time. Interest rates up? Buy. Interest rates down? Buy. The people that bought 10 years ago didn't time the market, they bought because they had a down payment and they wanted to buy a house. That's it. If they could time the market, they'd do it again and again and again and they would sell a fucking course on timing the market on YouTube.Do you have a down payment?Do you have closing costs?Do you have lawyer fees?Do you have fees for inspections?Do you like the lay out?The location?The finishes?Can you see yourself being happy in this home?That's. What. Matters.

Renting Vs Owning: Home equity or maintenance free? Unexpected costs or fixed monthly payments? Own your home, or fixed term leases? Matt Shallo & Matt Legatto are mortgage brokers with Mortgage Alliance in Halifax, and they're here today to discuss the pros and cons of both home ownership and renting!Enjoy!https://www.zumper.com/rent-research/halifax-nshttps://www.dal.ca/campus_life/residence_housing/off-campus-living/living-in-halifax/rental-costs.htmlJason Paul902-220-7357jason@infinityrealestategroup.cawww.infinityrealestategroup.ca@jasonpaulhalifaxrealtorMatt Shallomshallo@mortgagealliance.com782-640-8533@mattshallo.mortgagesMatt Legattomlegatto@mortgagealliance.com902-240-3304@mattlegatto.mortgages

Hey guys!The market stats for Halifax for the month of January 2024 just came out today, and they make an interesting read!Average Sales Price: $585,945.00 which is actually a $51,458.00 increase from the average sales price in December which was $534,487.00.The months of inventory stayed the same as December at 2 months. Halifax received 411 new listings which is up from the 159 new listings in December. Homes for sale increased in January to 751 total units for sale from 742 in December. List to sale price is at 99% in January, which is actually down from 100% in December. Days on market is up almost double in January at 35 days on market, an increase from 18 days on market in December. There are 285 pending sales in January, which is up from 196 pending sales in December. There were 219 total sales in January which is actually down from 228 sales in December. Jason Paul 902-220-7357jason@infinityrealestategroupwww.infinityrealestategroup.ca@jasonpaulhalifaxrealtor

Will the Halifax real estate market crash? Has it already crashed? Have buyers been overpaying for houses over the last 3 years to create a housing bubble that could pop at any moment? Richard Payne is back on the Halifax Real Estate Podcast with me to break down why Halifax's bubble may have already popped, why Halifax prices may have already bottomed out, and why their may not have been a bubble to begin with!Jason Paul 902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorwww.infinityrealestategroup.caRichard Payne902-489-1804richard@richardpayne.ca @halifaxhomesandlifestyleswww.richardpayne.ca

Are interest rates coming down in Canada in 2024!?! That's what Canada's economists and major banks are predicting. Andrew Hutchison, from Mortgage Architects, is back on the Halifax Real Estate Podcast to break down CIBC's predictions on interest rate decreases for 2024. We also break down the impact these potential rate decreases will have on home buyers, the overall real estate market, purchasing power and monthly mortgage payments. Below is the link to the article we are referencing on this episode!https://ca.finance.yahoo.com/news/interest-rate-cuts-story-2024-110046753.html?guccounter=1Jason Paul902-220-7357jason@infinityrealestategroup.caAndrew Hutchison902-240-7212andrew@hutchisonmortgages.ca

Welcome back to the Halifax Real Estate Podcast and happy new year to you all!Richard Payne and I are back on the podcast for our annual market review. Richard and I break down our experiences navigating Halifax's real estate market in 2023. Starting off the year hot with multiple offers on homes and rising house prices, to an injection of interest rate hikes from the bank of Canada, to the return of Sale of Buyer Property condition clauses on contracts and so much more! We also take a shot at trying to predict what will happen in 2024!Jason Paul902-220-7357jason@infinityrealestategroup.caRichard Payne902-489-1804richard@richardpayne.ca

Today's guest is Danielle MacLean, the owner of DCL Law in Halifax, and was selected for inclusion in Best Lawyers Canada for her work in real estate law in 2023. today we are discussing the foreign buyer ban that Canada implemented on January 1st 2023. We will be discussing what qualifies someone as a foreign buyer, the ins and outs of how the process works, and the impact its had on the real estate industry. Please welcome Danielle MacLean!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Danielle MacLean902-404-3150dmaclean@dcllaw.org

In part 2 of today's podcast, I sit down with Ammanuel Shiferaw, or as he prefers to be called, Manny! Manny actually asked to come back on the Halifax Real Estate Podcast before part 1 came out because Manny and his investor partners purchased their first apartment building outside of Canada in Cleveland Ohio.Today we're breaking down Manny's experience investing outside of Canada for the first time, what he learned along the way, and his plans to purchase more real estate in Cleveland Ohio.Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorAmmanuel ShiferawInstagram: @shifpropertiesTiktok: @mannyshifmanny@venturecocapital.com

In part 1 of today's podcast, I sit down with Ammanuel Shiferaw, or as he prefers to be called, Manny! Manny was a full time nurse and realized 1 month into his position that his career path wasn't going to help him accomplish his financial goals and started taking steps to become a real estate investor. Manny purchased his first duplex in February 2020, and scaling up to owning 107 doors total in his portfolio. Manny now invests outside of Canada with joint venture partners and is also a host on the Refined Real Estate Podcast.Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorAmmanuel ShiferawInstagram: @shifpropertiesTiktok: @mannyshifmanny@venturecocapital.com

Today's guest is Jacob Geronimo, a real estate investor in Truro Nova Scotia. Jacob was a fulltime nurse in 2017 when he realized that his yearly salary wasn't going to help him accomplish his and his family's financial goals. Starting with Rich Dad, Poor Dad, Jacob bought his first investment property later that year and discovered the B.R.R.R.R. method. Over the last few years, he's grown his portfolio up to 12 properties since 2017. Please welcome, Jacob Geronimo!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtorJacob Geronimojacobgeronimo89@gmail.com@geronimohomeprojects

Avery Birch is BACK on the Halifax Real Estate Podcast to discuss the new short term rental bylaws that passed in Halifax at the end of February 2023. Avery is the founder & CEO of Experience 365inc, which operates over 100 Airbnbs in Halifax Regional Municipality. Avery's here to discuss and breakdown the impacts these new bylaws will have on those operating short term rentals in the Halifax area. Jason Paul902-220-7357jason@infinityrealestategroup.cajasonpaulhalifaxrealtorAvery Birch902-266-8682avery.birch@gmail.comquestions@365x.ca

Welcome back to the Halifax Real Estate Podcast!Today's guest is Rylee Booroff, manager of the outreach team for Adsum Women & Children. Rylee helps those are who displaced and unhoused find short term, mid term and long term homes for families. And today we're here to have a better understanding of Halifax's housing crisis and those who are impacted by Halifax's lowest vacancy rate, and an ever increasing home and rental market. Jason Paul902-220-7257jason@infinityrealestategroup.cajasonpaulhalifaxrealtorRylee Booroff902-800-0086rylee.booroff@adsumforwomen.org

Welcome back to the Halifax Real Estate Podcast! Today Andrew Hutchison from Mortgage Architects is BACK to break down all things mortgage rates. Starting with the bank of Canada's statement at the end of 2021 when they said they wouldn't be looking to increase interest rates until the end of 2023!We all know how that played out!!Also breaking down mortgage penalties, buyer's remorse, variable rates, fixed rates, and so much more!!Jason Paul 902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Andrew Hutchison 902-240-7212andrew@hutchisonmortgages.caandrew_hutchison_mortgages

We are BACK with the annual 2022 Halifax real estate market review with Richard Payne. We break down what it was like at the peak of the Halifax real estate market in the first quarter of 2022. When the average sales price grew to be more than $600,000 in Halifax, and when any single family dwelling was receiving over 30 offers to purchase that home. The impact inflation and rising interest rates had on buyers purchasing power, and the cooling effect that mortgage rates had on the market as a whole. What we're seeing now in the market with the average price point dipping below $500,000, and what we're seeing going into 2023. Richard Payne has been a licensed Realtor in Halifax since 2012, and currently owns and operates his Halifax Homes & Lifestyles brand with EXP Realty of Canada INC. Jason Paul 902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor Richard Payne 902-489-1804richard@richardpayne.ca

After over a year from a new episode, sorry about that, we are BACK with new content and a message to our audience.

In our 34th episode I sit down with Nick Davis, a mortgage broker at Premiere Mortgage, to break down the Smith maneuver. The Smith Maneuver is used to make the interest payments on your mortgage tax deductible through different means. Please welcome Nick Davis!What you'll learn in this episode.1.) What is the Smith Maneuver and how it works.2.) The benefits of making for mortgage interest tax deductible.3.) How to grow your net worth at a greater rate than your current payments. And so much more!Jason Paul902-220-7357jason@infinityrealestategroup.ca @jasonpaulhalifaxrealtor (Facebook, Instagram, Twitter, LinkedIN, Tik Tok, & YouTube.)Nick Davis902-414-8566nicolas.davis@premieremortgage.caMortgages_by_nick (Instagram)

In our 33rd episode I sit down with Kevin Riles, the owner of KWR Approvals Inc, a company that specializes in land development. KWR Approvals recently completed the Macintosh development in Herring cove, Nova Scotia. Kevin and I are breaking down the step by step process of developing a single lot for a home build, or an entire subdivision. Please welcome, Kevin Riles!What you'll learn in this episode.1.) What to look for and how to purchase a vacant lot.2.) The step by step process in getting your unserviced vacant lot pad ready.3.) The process behind building and developing a subdivision.And so much more!Jason Paul902-220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor (Facebook, Instagram, Tik Tok, Twitter, LinkedIn & YouTube.)Kevin Riles902-403-7847kevin@kwrapprovals.com

In our 32nd episode, I sit down with my close friend, Chris Johnson. He is a first time home buyer who wants a better understanding of the home buying process, whats happening in the Halifax real estate market.What you'll learn in this episode:1. How getting approved for financing on a mortgage works. 2. What Halifax's Real Estate market looks like today3. How the home buying process works from start to finish. And so much more.Jason Paul(902) 220-7357jason@infinityrealestategroup.ca@jasonpaulhalifaxrealtor (facebook, instagram, twitter, linkedin, Tiktok)