The Halifax real estate market is currently favouring sellers due to lower inventory levels than have been seen in previous years. Even prior to COVID-19, the market was expected to sit in seller’s territory thanks to low housing supply, coupled with with strong buyer demand. Combined, these factors have created the current seller’s market experienced across the region. The top concerns for buyers in Halifax are low housing supply and affordability.
For those who are in the market, what are the best neighbourhoods in Halifax to buy a home? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks in Halifax.
10 Most Liveable Neighbourhoods in Halifax
- Dartmouth Commons
- Kempt Road
- Penhorn
- Windmill Road
- Brightwood
- Westwood & the Pubs
- Graham’s Corner
- Woodlawn
- Southdale
- North Woodside
Some other highly liveable Halifax neighbourhoods include North End Halifax, Downtown Dartmouth and Clayton Park. Each of these neighbourhoods are ideal for buyers looking for proximity to work, walkability, and proximity to retail.
Halifax’s Future Liveability
Overall liveability is expected to improve in Halifax in the next three to five years. Immigration-fuelled economic and population growth is leading to new construction in the region. Development is strong, with appealing new subdivisions and the revitalization of mature neighbourhoods.
Halifax at a Glance
The provincial capital of Nova Scotia, Halifax is considered a major economic centre in the Atlantic region of Canada. Full of Maritime history, this eastern port is a cultural hub for Atlantic Canada, boasting a large concentration of government and public services. The urban core features a downtown that surrounds the Halifax Harbour, with more rural areas spanning to the east, west and north of the city.
Best Places to Live in Canada
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Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
To learn more about liveability in Canada’s biggest housing markets, read the RE/MAX 2020 Liveability Report.