Fourth-quarter real-estate prices in Halifax make gains: Report

Posted on 14. Dec, 2009 by in News

January 08, 2010 12:36 a.m.

Real-estate prices are rising across Halifax, according to a Royale LePage report issued Thursday.

The average fourth-quarter price for detached bungalows rose 10.7 per cent over last year to $238,000, two-storey houses rose 1.8 per cent to $265,333 and condos rose 4.7 per cent to $167,000.

Royale LePage attributed the growth to workers returning from out West to buy homes and growth in the technology industry.

Nationally, the average price of detached bungalows rose to $315,055 (up six per cent), standard two-storey homes rose to $353,026 (up 5.2 per cent) and standard condos rose to $205,756 (up 6.4 per cent).

Royale LePage predicted Canada’s real-estate market will remain “unusually strong” through the first half of 2010.

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