Nova Scotia real estate went from one of Canada’s fastest booms to one of its sharpest corrections. Naturally, the Government of Nova Scotia (GNS) is now scrambling to launch a new First-Time Homebuyers Program (FTHP). The scheme aims to let new buyers into the market with as little as 2% down, with the province absorbing […]
Nova Scotia is the latest province to wage war on remote work as governments try to anchor people to big cities. The Government of Nova Scotia (GNS) has ordered thousands of its non-union staff to work out of the office full-time starting next month, even those who haven’t since 2015. The move follows corporate and […]
Canada’s favorite Maritime province has been a big winner when it comes to real estate. It’s economy? Not so much. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) per capita made a sharp downturn in 2023. The province’s shock was so large, it returned the quality of life measure back to 2016-levels. […]
Canadian real estate prices surged after rate cuts, and have generally cooled since rates began to normalize. Canadian Real Estate Association (CREA) data shows the composite benchmark, which represents a typical home, ripped higher after rate cuts in March 2020 and peaked when rates began to normalize in 2022. A big exception is Eastern Canada, […]
Canada’s biggest bank found more people are trading life in the big city for Atlantic living. RBC economist Carrie Freestone crunched the numbers of interprovincial migration for Q2 2021. She found prime demographics are finding their way to Atlantic Canada. The migration was mostly from expensive provinces like Ontario and Alberta. Atlantic Canada Just Saw […]
