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Fox Harb’r Listings
The New Normal: A Strong Housing Market Expected to Continue into 2021
Most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages. But, rather than a slowdown, we are continuing to experience a surprisingly robust real estate market across the country.
Market conditions like fewer available listings, changing criteria for desired homes, and record-low mortgage rates are changing the way people buy and sell homes, most likely in a lasting way. But this sustained activity, even in the uncertainty that is 2020, proves that our country still views real estate as a sound investment.
The only question now is how you can take advantage of the housing market’s “new normal.”
Inventory (e.g., number of homes for sale) is at a record low across the country. According to statistics from RBC Economics, the majority of Canada is experiencing tighter demand versus supply than the country has seen in nearly two decades.[1] At the end of September, there was just 2.6 months of inventory on a national basis. That restricts supply, which increases prices if demand remains unchanged.[2]
Fewer listings creates a housing market that is advantageous for sellers for several reasons. For one, buyers have to act fast to snap up available homes. Listings now spend about 26 days on the market.[3]
And thanks to tough competition for homes (often resulting in bidding wars between buyers), sellers are enjoying higher net returns on their listings. The average home price in September rose to a record $604,000, which translates to 17.5% more than just a year ago.[4]
People used to base their next home purchase on commute times and school districts. Now, thanks to the pandemic shifting the locus of jobs and work, they are free to consider how and where they truly want to live. The search for these criteria is driving residents out of densely populated metropolitan areas and into the suburbs, which opens more inventory possibilities than buyers could consider pre-pandemic.[5]
Now that the average five-year fixed rate is hovering around 1.99%, buyers are afforded more purchasing power. Consider this example. If a buyer can afford a $500,000 home by putting $120,000 down (25%), the monthly payment on a standard 25-year mortgage would be $2,210. Conversely, with a lower rate (say, 2.8%) that buyer can now afford a $600,000—$100,000 more purchasing power—at a cost of only $12 additional per month.[6]
Despite the seemingly adverse buyer conditions, 2020 experienced a record-breaking number of home sales, CREA reports. Existing-home sales jumped 46.5% in September. With an additional 20,000 transactions logged, it was the busiest September thus far![7]
All of the aforementioned factors indicate that the housing market is poised to remain strong as we head into the new year. And experts estimate that these conditions are likely to last well into the new year.[8]
Homes For Sale Halifax
Land For Sale
Frankville Rd., Frankville Ns B0h 1p0
NoneParking(s)
4Picture(s)
25Acre
Viewpoint Realty Services Inc.(Antigonish)
C$49000
Land For Sale
Frankville Rd., Frankville Ns B0h 1p0
NoneParking(s)
25Acre
Viewpoint Realty Services Inc.(Antigonish)
2
C$49000
Land For Sale
Frankville Rd., Frankville Ns B0h 1p0
Viewpoint Realty Services Inc.(Antigonish)
C$49000
Land For Sale
Simon's Rd., Frankville Ns B0h 1p0
NoneParking(s)
6Picture(s)
24.30Acre
Viewpoint Realty Services Inc.(Antigonish)
C$49000
Land For Sale
Simon's Rd., Frankville Ns B0h 1p0
NoneParking(s)
24.30Acre
Viewpoint Realty Services Inc.(Antigonish)
2
C$49000
Commercial Sale For Sale
137 Victoria Street, Digby Ns B0v 1a0
NoneParking(s)
2Picture(s)
243,209
Keller Williams Select Realty (Branch)
C$1500000
Commercial Sale For Sale
137 Victoria Street, Digby Ns B0v 1a0
NoneParking(s)
243,209
Keller Williams Select Realty (Branch)
M
C$1500000
Commercial Sale For Sale
137 Victoria Street, Digby Ns B0v 1a0
Keller Williams Select Realty (Branch)
C$1500000
Land For Sale
0 Brule Point Road, Brule NS B0K 1V0
NoneParking(s)
3Picture(s)
40Acre
Sutton Group Professional Realty
C$649900
Land For Sale
0 Brule Point Road, Brule NS B0K 1V0
NoneParking(s)
40Acre
Sutton Group Professional Realty
4
C$649900
Land For Sale
700 Quinns Road, Clyde River Ns B0w 1r0
DirtParking(s)
10Picture(s)
0.52Acre
Viewpoint Realty Services Inc. (Shelburne)
C$39900
Land For Sale
700 Quinns Road, Clyde River Ns B0w 1r0
DirtParking(s)
0.52Acre
Viewpoint Realty Services Inc. (Shelburne)
P
C$39900
Land For Sale
700 Quinns Road, Clyde River Ns B0w 1r0
Viewpoint Realty Services Inc. (Shelburne)
C$39900
Commercial Sale For Sale
20 Raddall Avenue, Dartmouth NS B3B 1T2
Parking Spaces(s)Parking(s)
14Picture(s)
31,524
INNOVATIVE REAL ESTATE LTD - A507
C$5499000
Commercial Sale For Sale
20 Raddall Avenue, Dartmouth NS B3B 1T2
Parking Spaces(s)Parking(s)
31,524
INNOVATIVE REAL ESTATE LTD - A507
2
C$5499000
Commercial Sale For Sale
20 Raddall Avenue, Dartmouth NS B3B 1T2
INNOVATIVE REAL ESTATE LTD - A507
C$5499000
Land For Sale
Small Gains Road, Arcadia NS B0W 1B0
NoneParking(s)
3Picture(s)
16Acre
Engel & Volkers (Yarmouth)
C$44900
Land For Sale
Small Gains Road, Arcadia NS B0W 1B0
NoneParking(s)
16Acre
Engel & Volkers (Yarmouth)
I
C$44900
Land For Sale
31.45 Acre Marble Mountain Road, Lime Hill NS B0E 3K0
NoneParking(s)
14Picture(s)
3.14Acre
Cape Breton Realty
C$79000
Land For Sale
31.45 Acre Marble Mountain Road, Lime Hill NS B0E 3K0
NoneParking(s)
3.14Acre
Cape Breton Realty
L
C$79000
Residential For Sale
256 Redbird Drive, Big Harbour Ns B0e 2y0
4Bedroom(s)
5Bathroom(s)
DoubleParking(s)
50Picture(s)
5,212
Cape Breton Realty
C$1260000
Residential For Sale
256 Redbird Drive, Big Harbour Ns B0e 2y0
4Bedroom(s)
5Bathroom(s)
DoubleParking(s)
5,212
Cape Breton Realty
S
C$1260000
Residential For Sale
256 Redbird Drive, Big Harbour Ns B0e 2y0
Cape Breton Realty
4Bedroom(s)
5Bathroom(s)
C$1260000
Land For Sale
Lot 7 Macleod Pond Road, Roberta NS B0E 3K0
NoneParking(s)
14Picture(s)
3.95Acre
Cape Breton Realty
C$69000
Land For Sale
Lot 7 Macleod Pond Road, Roberta NS B0E 3K0
NoneParking(s)
3.95Acre
Cape Breton Realty
W
C$69000
Residential Income For Sale
15770 Central Avenue, Inverness Ns B0e 1n0
10Bedroom(s)
PavedParking(s)
47Picture(s)
0.30Acre
Viewpoint Realty Services Inc. (Sydney)
C$1350000
Residential Income For Sale
15770 Central Avenue, Inverness Ns B0e 1n0
10Bedroom(s)
PavedParking(s)
0.30Acre
Viewpoint Realty Services Inc. (Sydney)
N
C$1350000
Residential Income For Sale
15770 Central Avenue, Inverness Ns B0e 1n0
Viewpoint Realty Services Inc. (Sydney)
10Bedroom(s)
C$1350000
Land For Sale
Fiddlers Way Road, West Mabou Ns B0e 1x0
NoneParking(s)
17Picture(s)
4.19Acre
Cape Breton Realty
C$189000
C$189000
Residential For Sale
12892 Ns-4 Highway, East Havre Boucher Ns B0h 1p0
5Bedroom(s)
3Bathroom(s)
DoubleParking(s)
13Picture(s)
1,248
PG Direct Realty Ltd.
C$340000
Residential For Sale
12892 Ns-4 Highway, East Havre Boucher Ns B0h 1p0
5Bedroom(s)
3Bathroom(s)
DoubleParking(s)
1,248
PG Direct Realty Ltd.
V
C$340000
Residential For Sale
12892 Ns-4 Highway, East Havre Boucher Ns B0h 1p0
PG Direct Realty Ltd.
5Bedroom(s)
3Bathroom(s)
C$340000
Land For Sale
Lot 2001-2c1 West Bay Highway, Roberta NS B0E 2K0
DirtParking(s)
11Picture(s)
22.09Acre
Cape Breton Realty
C$69000
Land For Sale
Lot 2001-2c1 West Bay Highway, Roberta NS B0E 2K0
DirtParking(s)
22.09Acre
Cape Breton Realty
N
C$69000
Residential For Sale
3552 Washabuck Road, Upper Washabuck NS B2C 1M2
3Bedroom(s)
1Bathroom(s)
24Picture(s)
1,472
Harvey Realties Limited
C$240000
Residential For Sale
3552 Washabuck Road, Upper Washabuck NS B2C 1M2
3Bedroom(s)
1Bathroom(s)
1,472
Harvey Realties Limited
H
C$240000
Residential For Sale
3552 Washabuck Road, Upper Washabuck NS B2C 1M2
Harvey Realties Limited
3Bedroom(s)
1Bathroom(s)
C$240000
Land For Sale
Intervale Road, Huntington Ns B1k 1s8
OtherParking(s)
0.92Acre
Roger Burns Real Estate Ltd.
C$22000
Land For Sale
Intervale Road, Huntington Ns B1k 1s8
OtherParking(s)
0.92Acre
Roger Burns Real Estate Ltd.
1
C$22000
Land For Sale
77 Victoria Street, Springhill Ns B0m 1x0
NoneParking(s)
1Picture(s)
0.16Acre
RE/MAX County Line Realty Ltd.
C$20000
Land For Sale
77 Victoria Street, Springhill Ns B0m 1x0
NoneParking(s)
0.16Acre
RE/MAX County Line Realty Ltd.
0
C$20000
Land For Sale
48 Pleasant Street, Springhill Ns B0m 1x0
PavedParking(s)
1Picture(s)
0.45Acre
RE/MAX County Line Realty Ltd.
C$35000
Land For Sale
48 Pleasant Street, Springhill Ns B0m 1x0
PavedParking(s)
0.45Acre
RE/MAX County Line Realty Ltd.
B
C$35000
Land For Sale
B-0 Avalon Lane, Hilden NS B0N 1C0
NoneParking(s)
1Picture(s)
0.47Acre
Sutton Group Professional Realty
C$59900
Land For Sale
B-0 Avalon Lane, Hilden NS B0N 1C0
NoneParking(s)
0.47Acre
Sutton Group Professional Realty
L
C$59900
Land For Sale
A-0 Avalon Avenue, Hilden NS B0N 1C0
NoneParking(s)
1Picture(s)
0.39Acre
Sutton Group Professional Realty
C$59900
Land For Sale
A-0 Avalon Avenue, Hilden NS B0N 1C0
NoneParking(s)
0.39Acre
Sutton Group Professional Realty
L
C$59900
Residential For Sale
13628 Ns-4, Aulds Cove Ns B0h 1k0
2Bedroom(s)
1Bathroom(s)
DoubleParking(s)
10Picture(s)
810
PG Direct Realty Ltd.
C$189000
Residential For Sale
13628 Ns-4, Aulds Cove Ns B0h 1k0
2Bedroom(s)
1Bathroom(s)
DoubleParking(s)
810
PG Direct Realty Ltd.
V
C$189000
Residential For Sale
13628 Ns-4, Aulds Cove Ns B0h 1k0
PG Direct Realty Ltd.
2Bedroom(s)
1Bathroom(s)
C$189000
Commercial Sale For Sale
190 Water Street, Shelburne Ns B0t 1w0
GuestParking(s)
46Picture(s)
1,670
Keller Williams Select Realty (Shelburne)
C$395000
Commercial Sale For Sale
190 Water Street, Shelburne Ns B0t 1w0
GuestParking(s)
1,670
Keller Williams Select Realty (Shelburne)
A
C$395000
Commercial Sale For Sale
190 Water Street, Shelburne Ns B0t 1w0
Keller Williams Select Realty (Shelburne)
C$395000
Land For Sale
Lot 4 (r) Terrence Bay Road, Terence Bay Ns B3t 1x2
GravelParking(s)
3Picture(s)
1.82Acre
Hants Realty Ltd.
C$99900
Land For Sale
Lot 4 (r) Terrence Bay Road, Terence Bay Ns B3t 1x2
GravelParking(s)
1.82Acre
Hants Realty Ltd.
W
C$99900
Land For Sale
Lot 3 Terrence Bay Road, Terence Bay Ns B3t 1x2
GravelParking(s)
3Picture(s)
1.33Acre
Hants Realty Ltd.
C$99900
Land For Sale
Lot 3 Terrence Bay Road, Terence Bay Ns B3t 1x2
GravelParking(s)
1.33Acre
Hants Realty Ltd.
W
C$99900
Land For Sale
New Boston Road Lot 1, Catalone Ns B1k 2k6
NoneParking(s)
1Picture(s)
10Acre
Keller Williams Select Realty(Sydney,Townsend St.)
C$34900
Land For Sale
New Boston Road Lot 1, Catalone Ns B1k 2k6
NoneParking(s)
10Acre
Keller Williams Select Realty(Sydney,Townsend St.)
T
C$34900
Land For Sale
New Boston Road Lot 1, Catalone Ns B1k 2k6
Keller Williams Select Realty(Sydney,Townsend St.)
C$34900
Residential For Sale
383 Holland Road Lot 4, Fletchers Lake Ns B2t 1a1
4Bedroom(s)
4Bathroom(s)
DoubleParking(s)
8Picture(s)
2,688
Sutton Group Professional Realty
C$694900
Residential For Sale
383 Holland Road Lot 4, Fletchers Lake Ns B2t 1a1
4Bedroom(s)
4Bathroom(s)
DoubleParking(s)
2,688
Sutton Group Professional Realty
T
C$694900
Residential For Sale
383 Holland Road Lot 4, Fletchers Lake Ns B2t 1a1
Sutton Group Professional Realty
4Bedroom(s)
4Bathroom(s)
C$694900
Land For Sale
Highway 3, White Point Ns B0t 1g0
NoneParking(s)
2Picture(s)
17.60Acre
EXIT Realty Inter Lake Liverpool
C$14500
Land For Sale
Highway 3, White Point Ns B0t 1g0
NoneParking(s)
17.60Acre
EXIT Realty Inter Lake Liverpool
1
C$14500
Residential For Sale
206-2250 Maitland Street, Halifax Ns B3k 2z9
2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
14Picture(s)
750
Keller Williams Select Realty
C$661900
Residential For Sale
206-2250 Maitland Street, Halifax Ns B3k 2z9
2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
750
Keller Williams Select Realty
O
C$661900
Residential For Sale
206-2250 Maitland Street, Halifax Ns B3k 2z9
Keller Williams Select Realty
2Bedroom(s)
2Bathroom(s)
C$661900
Residential For Sale
5-0 Hayley Lane, Beaver Bank NS B4G 1A6
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
2Picture(s)
2,307
Sutton Group Professional Realty
C$729900
Residential For Sale
5-0 Hayley Lane, Beaver Bank NS B4G 1A6
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
2,307
Sutton Group Professional Realty
A
C$729900
Residential For Sale
5-0 Hayley Lane, Beaver Bank NS B4G 1A6
Sutton Group Professional Realty
3Bedroom(s)
3Bathroom(s)
C$729900
Land For Sale
Moose Pit Road Lot 3, Westfield Ns B0r 1h0
NoneParking(s)
18Picture(s)
1.46Acre
Engel & Volkers (Liverpool)
C$130000
Land For Sale
Moose Pit Road Lot 3, Westfield Ns B0r 1h0
NoneParking(s)
1.46Acre
Engel & Volkers (Liverpool)
U
C$130000
Residential For Sale
211-2250 Maitland Street, Halifax Ns B3k 2z9
1Bedroom(s)
1Bathroom(s)
UndergroundParking(s)
10Picture(s)
595
Keller Williams Select Realty
C$541900
Residential For Sale
211-2250 Maitland Street, Halifax Ns B3k 2z9
1Bedroom(s)
1Bathroom(s)
UndergroundParking(s)
595
Keller Williams Select Realty
O
C$541900
Residential For Sale
211-2250 Maitland Street, Halifax Ns B3k 2z9
Keller Williams Select Realty
1Bedroom(s)
1Bathroom(s)
C$541900
Residential For Sale
623 Marsh Road, Ballantynes Cove Ns B2g 2l2
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
31Picture(s)
1,200
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$259000
Residential For Sale
623 Marsh Road, Ballantynes Cove Ns B2g 2l2
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
1,200
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
V
C$259000
Residential For Sale
623 Marsh Road, Ballantynes Cove Ns B2g 2l2
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
3Bedroom(s)
2Bathroom(s)
C$259000
Land For Sale
Cabot Trail Road, Chéticamp Ns B0e 1h0
NoneParking(s)
10Picture(s)
11Acre
Red Door Realty
C$89500
C$89500
Land For Sale
12a Seven Lee Way, Oxford Ns B0m 1p0
OtherParking(s)
6Picture(s)
0.11Acre
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
12a Seven Lee Way, Oxford Ns B0m 1p0
OtherParking(s)
0.11Acre
Keller Williams Select Realty (Truro)
I
C$44900
Land For Sale
8 Seven Lee Way Lot 10, Oxford Ns B0m 1p0
OtherParking(s)
8Picture(s)
0.15Acre
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
8 Seven Lee Way Lot 10, Oxford Ns B0m 1p0
OtherParking(s)
0.15Acre
Keller Williams Select Realty (Truro)
I
C$44900
Land For Sale
8 Seven Lee Way Lot 10, Oxford Ns B0m 1p0
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
10-lot 12b Seven Lee Way, Oxford Ns B0m 1p0
OtherParking(s)
7Picture(s)
0.13Acre
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
10-lot 12b Seven Lee Way, Oxford Ns B0m 1p0
OtherParking(s)
0.13Acre
Keller Williams Select Realty (Truro)
I
C$44900
Land For Sale
10-lot 12b Seven Lee Way, Oxford Ns B0m 1p0
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
6 Seven Lee Way Lot 8, Oxford Ns B0m 1p0
OtherParking(s)
6Picture(s)
0.26Acre
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
6 Seven Lee Way Lot 8, Oxford Ns B0m 1p0
OtherParking(s)
0.26Acre
Keller Williams Select Realty (Truro)
I
C$44900
Land For Sale
6 Seven Lee Way Lot 8, Oxford Ns B0m 1p0
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
Highway 209, Spencers Island Ns B0m 1s0
NoneParking(s)
5Picture(s)
30Acre
Coldwell Banker Open Door Realty Ltd.
C$27500
Land For Sale
Highway 209, Spencers Island Ns B0m 1s0
NoneParking(s)
30Acre
Coldwell Banker Open Door Realty Ltd.
L
C$27500
Land For Sale
12483 Cabot Trail, St. Joseph du Moine NS B0E 3A0
DirtParking(s)
2Picture(s)
0.59Acre
Harvey Realties Limited
C$24000
Land For Sale
12483 Cabot Trail, St. Joseph du Moine NS B0E 3A0
DirtParking(s)
0.59Acre
Harvey Realties Limited
J
C$24000
Land For Sale
Lot 10 Stoddart Drive, East Dalhousie Ns B0r 1h0
NoneParking(s)
6Picture(s)
1.84Acre
PG Direct Realty Ltd.
C$59999
Land For Sale
Lot 10 Stoddart Drive, East Dalhousie Ns B0r 1h0
NoneParking(s)
1.84Acre
PG Direct Realty Ltd.
V
C$59999
Residential For Sale
263 Rodney Road, Wellington Ns B5a 5a5
2Bedroom(s)
1Bathroom(s)
OtherParking(s)
22Picture(s)
860
The Real Estate Store
C$89900
Residential For Sale
263 Rodney Road, Wellington Ns B5a 5a5
2Bedroom(s)
1Bathroom(s)
OtherParking(s)
860
The Real Estate Store
A
C$89900
Residential For Sale
263 Rodney Road, Wellington Ns B5a 5a5
The Real Estate Store
2Bedroom(s)
1Bathroom(s)
C$89900
Land For Sale
23-2 Mccormick Street, Oxford Ns B0m 1p0
OtherParking(s)
8Picture(s)
0.15Acre
Keller Williams Select Realty (Truro)
C$44900
Land For Sale
23-2 Mccormick Street, Oxford Ns B0m 1p0
OtherParking(s)
0.15Acre
Keller Williams Select Realty (Truro)
P
C$44900
Land For Sale
23-2 Mccormick Street, Oxford Ns B0m 1p0
Keller Williams Select Realty (Truro)
C$44900
Residential For Sale
951 Lindola Place, Halifax Ns B3h 4m1
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
30Picture(s)
2,250
Sutton Group Professional Realty
C$995900
Residential For Sale
951 Lindola Place, Halifax Ns B3h 4m1
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
2,250
Sutton Group Professional Realty
P
C$995900
Residential For Sale
951 Lindola Place, Halifax Ns B3h 4m1
Sutton Group Professional Realty
3Bedroom(s)
3Bathroom(s)
C$995900
Land For Sale
81 Bennies Lane, Louisdale NS B0E 1V0
DirtParking(s)
9Picture(s)
0.11Acre
RE/MAX Park Place Inc. (Port Hawkesbury)
C$19900
Land For Sale
81 Bennies Lane, Louisdale NS B0E 1V0
DirtParking(s)
0.11Acre
RE/MAX Park Place Inc. (Port Hawkesbury)
E
C$19900
Land For Sale
81 Bennies Lane, Louisdale NS B0E 1V0
RE/MAX Park Place Inc. (Port Hawkesbury)
C$19900
Land For Sale
802 Forbes Point Road, Forbes Point Ns B0w 2e0
GravelParking(s)
5Picture(s)
0.40Acre
Keller Williams Select Realty (Barrington Passage)
C$55000
Land For Sale
802 Forbes Point Road, Forbes Point Ns B0w 2e0
GravelParking(s)
0.40Acre
Keller Williams Select Realty (Barrington Passage)
L
C$55000
Land For Sale
802 Forbes Point Road, Forbes Point Ns B0w 2e0
Keller Williams Select Realty (Barrington Passage)
C$55000
Residential Income For Sale
28 Parade Street, Yarmouth Ns B5a 3a8
8Bedroom(s)
GravelParking(s)
16Picture(s)
0.11Acre
Viewpoint Realty Services Inc. (Shelburne)
C$424900
Residential Income For Sale
28 Parade Street, Yarmouth Ns B5a 3a8
8Bedroom(s)
GravelParking(s)
0.11Acre
Viewpoint Realty Services Inc. (Shelburne)
I
C$424900
Residential Income For Sale
28 Parade Street, Yarmouth Ns B5a 3a8
Viewpoint Realty Services Inc. (Shelburne)
8Bedroom(s)
C$424900
Land For Sale
0 Belleville South Road, Belleville South NS B0W 3M0
NoneParking(s)
9Picture(s)
8.72Acre
Engel & Volkers (Yarmouth)
C$155000
Land For Sale
0 Belleville South Road, Belleville South NS B0W 3M0
NoneParking(s)
8.72Acre
Engel & Volkers (Yarmouth)
W
C$155000
Land For Sale
0 Belleville South Road, Belleville South NS B0W 3M0
Engel & Volkers (Yarmouth)
C$155000
Residential Income For Sale
7 View Street, North Sydney Ns B2a 1e9
4Bedroom(s)
NoneParking(s)
31Picture(s)
0.26Acre
3% Realty Nova Scotia
C$279000
Residential Income For Sale
7 View Street, North Sydney Ns B2a 1e9
4Bedroom(s)
NoneParking(s)
0.26Acre
3% Realty Nova Scotia
W
C$279000
Residential Income For Sale
7 View Street, North Sydney Ns B2a 1e9
3% Realty Nova Scotia
4Bedroom(s)
C$279000
Land For Sale
Pembroke Road, Pembroke Ns B5a 5h3
NoneParking(s)
1Picture(s)
2.30Acre
The Real Estate Store
C$32900
C$32900
Land For Sale
Cranberry Head Road, Pembroke Ns B5a 5h3
OtherParking(s)
4Picture(s)
40.29Acre
The Real Estate Store
C$229000
Land For Sale
Cranberry Head Road, Pembroke Ns B5a 5h3
OtherParking(s)
40.29Acre
The Real Estate Store
C
C$229000
Land For Sale
Bald Rock Road, Bald Rock NS B3K 1K9
NoneParking(s)
17Picture(s)
44Acre
Engel & Volkers
C$2999000
C$2999000
Land For Sale
Falcon Drive Lot 25, Canaan Ns B4n 0a2
NoneParking(s)
4Picture(s)
0.31Acre
MacKay Real Estate Ltd.
C$80000
Land For Sale
Falcon Drive Lot 25, Canaan Ns B4n 0a2
NoneParking(s)
0.31Acre
MacKay Real Estate Ltd.
W
C$80000
Land For Sale
Falcon Drive Lot A, Canaan Ns B4n 0a2
NoneParking(s)
5Picture(s)
0.29Acre
MacKay Real Estate Ltd.
C$75000
Land For Sale
Falcon Drive Lot A, Canaan Ns B4n 0a2
NoneParking(s)
0.29Acre
MacKay Real Estate Ltd.
W
C$75000
Land For Sale
Mallard Avenue Lot 46, Canaan Ns B4n 0a3
NoneParking(s)
8Picture(s)
0.33Acre
MacKay Real Estate Ltd.
C$80000
Land For Sale
Mallard Avenue Lot 46, Canaan Ns B4n 0a3
NoneParking(s)
0.33Acre
MacKay Real Estate Ltd.
W
C$80000
Land For Sale
Murray Street, Mulgrave Ns B0e 2g0
GravelParking(s)
8Picture(s)
0.37Acre
Cape Breton Realty
C$49900
C$49900
Land For Sale
West Bay Highway, Dundee Ns B0e 3k0
NoneParking(s)
3Picture(s)
1.80Acre
Cape Breton Realty
C$109000
C$109000
Residential For Sale
825 Keddy Cove Road, Molega Lake Ns B4v 8n5
GravelParking(s)
12Picture(s)
200
PG Direct Realty Ltd.
C$199900
Residential For Sale
825 Keddy Cove Road, Molega Lake Ns B4v 8n5
GravelParking(s)
200
PG Direct Realty Ltd.
V
C$199900
Land For Sale
Vacant Lot Memorial Drive, Sydney Mines Ns B2a 0a0
NoneParking(s)
5Picture(s)
0.21Acre
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$25000
Land For Sale
Vacant Lot Memorial Drive, Sydney Mines Ns B2a 0a0
NoneParking(s)
0.21Acre
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
T
C$25000
Land For Sale
Vacant Lot Memorial Drive, Sydney Mines Ns B2a 0a0
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$25000
Commercial Sale For Sale
Highway 2, Hilden NS B0N 1C0
SingleParking(s)
1Picture(s)
5.50Acre
Hants Realty Ltd.
C$0
C$0
Residential Income For Sale
2710 Sandy Point Road, Sandy Point Ns B0t 1w0
4Bedroom(s)
DoubleParking(s)
50Picture(s)
3.44Acre
Royal Lepage Atlantic (Mahone Bay)
C$899000
Residential Income For Sale
2710 Sandy Point Road, Sandy Point Ns B0t 1w0
4Bedroom(s)
DoubleParking(s)
3.44Acre
Royal Lepage Atlantic (Mahone Bay)
S
C$899000
Residential Income For Sale
2710 Sandy Point Road, Sandy Point Ns B0t 1w0
Royal Lepage Atlantic (Mahone Bay)
4Bedroom(s)
C$899000
Residential For Sale
2710 Sandy Point Road, Sandy Point Ns B0t 1w0
4Bedroom(s)
3Bathroom(s)
AttachedParking(s)
50Picture(s)
2,040
Royal Lepage Atlantic (Mahone Bay)
C$899000
Residential For Sale
2710 Sandy Point Road, Sandy Point Ns B0t 1w0
4Bedroom(s)
3Bathroom(s)
AttachedParking(s)
2,040
Royal Lepage Atlantic (Mahone Bay)
S
C$899000
Residential For Sale
2710 Sandy Point Road, Sandy Point Ns B0t 1w0
Royal Lepage Atlantic (Mahone Bay)
4Bedroom(s)
3Bathroom(s)
C$899000
Land For Sale
Highway 337, Cape George Ns B2g 2l2
GravelParking(s)
6Picture(s)
4.07Acre
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$250000
Land For Sale
Highway 337, Cape George Ns B2g 2l2
GravelParking(s)
4.07Acre
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
4
C$250000
Land For Sale
Eagle Road, Gavelton Ns B0w 3m0
NoneParking(s)
17Picture(s)
26.49Acre
RE/MAX Banner Real Estate
C$399000
C$399000
Residential For Sale
809 Highway 203, Lower Ohio Ns B0t 1w0
3Bedroom(s)
2Bathroom(s)
GravelParking(s)
50Picture(s)
2,507
Keller Williams Select Realty (Shelburne)
C$470000
Residential For Sale
809 Highway 203, Lower Ohio Ns B0t 1w0
3Bedroom(s)
2Bathroom(s)
GravelParking(s)
2,507
Keller Williams Select Realty (Shelburne)
I
C$470000
Residential For Sale
809 Highway 203, Lower Ohio Ns B0t 1w0
Keller Williams Select Realty (Shelburne)
3Bedroom(s)
2Bathroom(s)
C$470000
Land For Sale
Bonnie Road, Meteghan Ns B0w 2j0
NoneParking(s)
21Picture(s)
170Acre
RE/MAX Banner Real Estate
C$350000
C$350000
Land For Sale
Musgrave Road, Lower Burlington Ns B0n 2a0
NoneParking(s)
1Picture(s)
14Acre
Royal LePage Atlantic - Valley(Windsor)
C$69900
Land For Sale
Musgrave Road, Lower Burlington Ns B0n 2a0
NoneParking(s)
14Acre
Royal LePage Atlantic - Valley(Windsor)
A
C$69900
Land For Sale
Musgrave Road, Lower Burlington Ns B0n 2a0
Royal LePage Atlantic - Valley(Windsor)
C$69900
Commercial Sale For Sale
129 Riverdale Road, Riverdale Ns B0w 3t0
DirtParking(s)
15Picture(s)
14,000
RE/MAX Banner Real Estate
C$499000
Commercial Sale For Sale
129 Riverdale Road, Riverdale Ns B0w 3t0
DirtParking(s)
14,000
RE/MAX Banner Real Estate
W
C$499000
Commercial Sale For Sale
129 Riverdale Road, Riverdale Ns B0w 3t0
RE/MAX Banner Real Estate
C$499000
Land For Sale
Lot 3 16 Highway, Boylston Ns B0h 1g0
NoneParking(s)
9Picture(s)
2.70Acre
Viewpoint Realty Services Inc.(Antigonish)
C$44900
Land For Sale
Lot 3 16 Highway, Boylston Ns B0h 1g0
NoneParking(s)
2.70Acre
Viewpoint Realty Services Inc.(Antigonish)
L
C$44900
Land For Sale
Lot 3 16 Highway, Boylston Ns B0h 1g0
Viewpoint Realty Services Inc.(Antigonish)
C$44900
Land For Sale
23-5 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
11Picture(s)
13.37Acre
Royal LePage Cumberland Realty Ltd.
C$59900
Land For Sale
23-5 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
13.37Acre
Royal LePage Cumberland Realty Ltd.
B
C$59900
Land For Sale
23-4 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
11Picture(s)
4.93Acre
Royal LePage Cumberland Realty Ltd.
C$29900
Land For Sale
23-4 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
4.93Acre
Royal LePage Cumberland Realty Ltd.
B
C$29900
Land For Sale
23-3 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
11Picture(s)
4.57Acre
Royal LePage Cumberland Realty Ltd.
C$29900
Land For Sale
23-3 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
4.57Acre
Royal LePage Cumberland Realty Ltd.
B
C$29900
Land For Sale
23-2 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
11Picture(s)
4.24Acre
Royal LePage Cumberland Realty Ltd.
C$29900
Land For Sale
23-2 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
4.24Acre
Royal LePage Cumberland Realty Ltd.
B
C$29900
Land For Sale
23-1 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
11Picture(s)
3.90Acre
Royal LePage Cumberland Realty Ltd.
C$29900
Land For Sale
23-1 Glenville Road, Glenville NS B0M 1V0
NoneParking(s)
3.90Acre
Royal LePage Cumberland Realty Ltd.
B
C$29900
Land For Sale
Hawthorn Road Lot 225, Mahone Bay NS B0J 2E0
NoneParking(s)
8Picture(s)
0.37Acre
ViewPoint Realty Services Inc.(Lunenburg)
C$65000
Land For Sale
Hawthorn Road Lot 225, Mahone Bay NS B0J 2E0
NoneParking(s)
0.37Acre
ViewPoint Realty Services Inc.(Lunenburg)
T
C$65000
Land For Sale
Hawthorn Road Lot 225, Mahone Bay NS B0J 2E0
ViewPoint Realty Services Inc.(Lunenburg)
C$65000
Land For Sale
Dawson Road, Ellershouse NS B0N 1L0
NoneParking(s)
6Picture(s)
1.05Acre
Sutton Group Professional Realty
C$45000
Land For Sale
Dawson Road, Ellershouse NS B0N 1L0
NoneParking(s)
1.05Acre
Sutton Group Professional Realty
B
C$45000
Land For Sale
Lot 25 Maple Drive, New Minas Ns B4n 4c5
DirtParking(s)
8Picture(s)
0.25Acre
Keller Williams Select Realty
C$49900
Land For Sale
Lot 25 Maple Drive, New Minas Ns B4n 4c5
DirtParking(s)
0.25Acre
Keller Williams Select Realty
P
C$49900
Land For Sale
0 Eskasoni Road, Benacadie NS B1T 1K7
SingleParking(s)
6Picture(s)
80Acre
VALMAC REALTY LTD. - 16139
C$132199
Land For Sale
0 Eskasoni Road, Benacadie NS B1T 1K7
SingleParking(s)
80Acre
VALMAC REALTY LTD. - 16139
I
C$132199
Land For Sale
1 Queen Street, Digby Ns B0v 1a0
NoneParking(s)
10Picture(s)
0.17Acre
Exit Realty Town & Country
C$110000
C$110000
Land For Sale
0 Gilberts Lane, Maplewood NS B0R 1A0
SingleParking(s)
14Picture(s)
1.16Acre
Del Mar Realty Inc.
C$70000
C$70000
Land For Sale
No 105 Highway Highway, Port Hastings Ns B9a 3s2
NoneParking(s)
3Picture(s)
4.50Acre
Cape Breton Realty
C$29000
Land For Sale
No 105 Highway Highway, Port Hastings Ns B9a 3s2
NoneParking(s)
4.50Acre
Cape Breton Realty
A
C$29000
Land For Sale
Narrows Road, Labelle NS B0T 1T0
GravelParking(s)
13Picture(s)
1.97Acre
Holm Realty Limited
C$130000
C$130000
Residential For Sale
8132 Gabarus Highway, Gabarus Ns B1k 2b1
1Bedroom(s)
1Bathroom(s)
GravelParking(s)
31Picture(s)
708
Keller Williams Select Realty(Sydney,Townsend St.)
C$699500
Residential For Sale
8132 Gabarus Highway, Gabarus Ns B1k 2b1
1Bedroom(s)
1Bathroom(s)
GravelParking(s)
708
Keller Williams Select Realty(Sydney,Townsend St.)
W
C$699500
Residential For Sale
8132 Gabarus Highway, Gabarus Ns B1k 2b1
Keller Williams Select Realty(Sydney,Townsend St.)
1Bedroom(s)
1Bathroom(s)
C$699500
Land For Sale
23339 Bennet Lake, Harrietsfield NS B3V 1B7
NoneParking(s)
19Picture(s)
667Acre
Viewpoint Realty Services Inc.
C$2000000
Land For Sale
23339 Bennet Lake, Harrietsfield NS B3V 1B7
NoneParking(s)
667Acre
Viewpoint Realty Services Inc.
E
C$2000000
Residential For Sale
115 Magee Road, Port Williams NS B0P 1T0
8Bedroom(s)
3Bathroom(s)
SingleParking(s)
50Picture(s)
4,546
MacKay Real Estate Ltd.
C$1725000
Residential For Sale
115 Magee Road, Port Williams NS B0P 1T0
8Bedroom(s)
3Bathroom(s)
SingleParking(s)
4,546
MacKay Real Estate Ltd.
T
C$1725000
Residential For Sale
115 Magee Road, Port Williams NS B0P 1T0
MacKay Real Estate Ltd.
8Bedroom(s)
3Bathroom(s)
C$1725000
Residential For Sale
9401 Pepperell Street, St. Peter's NS B0E 3B0
4Bedroom(s)
1Bathroom(s)
SingleParking(s)
38Picture(s)
1,758
Harvey Realties Limited (St.Peters)
C$229000
Residential For Sale
9401 Pepperell Street, St. Peter's NS B0E 3B0
4Bedroom(s)
1Bathroom(s)
SingleParking(s)
1,758
Harvey Realties Limited (St.Peters)
C
C$229000
Residential For Sale
9401 Pepperell Street, St. Peter's NS B0E 3B0
Harvey Realties Limited (St.Peters)
4Bedroom(s)
1Bathroom(s)
C$229000
Residential For Sale
8482 Highway 337, Georgeville Ns B2g 2l1
3Bedroom(s)
4Bathroom(s)
AttachedParking(s)
48Picture(s)
3,747
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$2500000
Residential For Sale
8482 Highway 337, Georgeville Ns B2g 2l1
3Bedroom(s)
4Bathroom(s)
AttachedParking(s)
3,747
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C
C$2500000
Residential For Sale
8482 Highway 337, Georgeville Ns B2g 2l1
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
3Bedroom(s)
4Bathroom(s)
C$2500000
Residential For Sale
25 West Cottage Street, Pictou Ns B0k 1h0
4Bedroom(s)
2Bathroom(s)
DetachedParking(s)
50Picture(s)
2,095
Viewpoint Realty Services Inc. (Pictou)
C$389000
Residential For Sale
25 West Cottage Street, Pictou Ns B0k 1h0
4Bedroom(s)
2Bathroom(s)
DetachedParking(s)
2,095
Viewpoint Realty Services Inc. (Pictou)
C$389000
Residential For Sale
25 West Cottage Street, Pictou Ns B0k 1h0
Viewpoint Realty Services Inc. (Pictou)
4Bedroom(s)
2Bathroom(s)
C$389000
Commercial Sale For Sale
4 Bridge Street, Kentville Ns B4n 2e1
NoneParking(s)
18Picture(s)
2,530
Exit Realty Town & Country
C$0
Commercial Sale For Sale
4 Bridge Street, Kentville Ns B4n 2e1
NoneParking(s)
2,530
Exit Realty Town & Country
H
C$0
Land For Sale
Lot Hillside Road, Albert Bridge NS B1K 3M2
NoneParking(s)
2Picture(s)
2.48Acre
Keller Williams Select Realty(Sydney,Townsend St.)
C$55000
Land For Sale
Lot Hillside Road, Albert Bridge NS B1K 3M2
NoneParking(s)
2.48Acre
Keller Williams Select Realty(Sydney,Townsend St.)
J
C$55000
Land For Sale
Lot Hillside Road, Albert Bridge NS B1K 3M2
Keller Williams Select Realty(Sydney,Townsend St.)
C$55000
Land For Sale
674 North Range Cross Road, North Range NS B0W 1H0
GravelParking(s)
10Picture(s)
2.03Acre
Exit Realty Town & Country
C$53900
Land For Sale
674 North Range Cross Road, North Range NS B0W 1H0
GravelParking(s)
2.03Acre
Exit Realty Town & Country
T
C$53900
Land For Sale
Lot D Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
35Picture(s)
9.02Acre
Viewpoint Realty Services Inc.
C$115000
Land For Sale
Lot D Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
9.02Acre
Viewpoint Realty Services Inc.
M
C$115000
Land For Sale
Lot C Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
37Picture(s)
8.93Acre
Viewpoint Realty Services Inc.
C$115000
Land For Sale
Lot C Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
8.93Acre
Viewpoint Realty Services Inc.
M
C$115000
Land For Sale
Lot B Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
37Picture(s)
8.87Acre
Viewpoint Realty Services Inc.
C$115000
Land For Sale
Lot B Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
8.87Acre
Viewpoint Realty Services Inc.
M
C$115000
Land For Sale
Lot A Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
37Picture(s)
8.49Acre
Viewpoint Realty Services Inc.
C$115000
Land For Sale
Lot A Hwy 215 Highway, Walton Ns B0n 2r0
NoneParking(s)
8.49Acre
Viewpoint Realty Services Inc.
M
C$115000
Residential For Sale
1696 Highway 336, Dean Ns B0n 2m0
4Bedroom(s)
2Bathroom(s)
DetachedParking(s)
45Picture(s)
2,500
Hants Realty Ltd.
C$399900
Residential For Sale
1696 Highway 336, Dean Ns B0n 2m0
4Bedroom(s)
2Bathroom(s)
DetachedParking(s)
2,500
Hants Realty Ltd.
A
C$399900
Residential For Sale
1696 Highway 336, Dean Ns B0n 2m0
Hants Realty Ltd.
4Bedroom(s)
2Bathroom(s)
C$399900
Residential For Sale
148 Parkers Road, Guysborough Ns B0h 1n0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
48Picture(s)
1,411
Del Mar Realty Inc.
C$229900
Residential For Sale
148 Parkers Road, Guysborough Ns B0h 1n0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
1,411
Del Mar Realty Inc.
N
C$229900
Residential For Sale
148 Parkers Road, Guysborough Ns B0h 1n0
Del Mar Realty Inc.
2Bedroom(s)
1Bathroom(s)
C$229900
Residential For Sale
6674 Highway 101, Gilberts Cove NS B0W 2R0
3Bedroom(s)
1Bathroom(s)
AggregateParking(s)
25Picture(s)
1,098
Exit Realty Town & Country
C$158000
Residential For Sale
6674 Highway 101, Gilberts Cove NS B0W 2R0
3Bedroom(s)
1Bathroom(s)
AggregateParking(s)
1,098
Exit Realty Town & Country
L
C$158000
Residential For Sale
6674 Highway 101, Gilberts Cove NS B0W 2R0
Exit Realty Town & Country
3Bedroom(s)
1Bathroom(s)
C$158000
Commercial Sale For Sale
88 Patterson Street, Pictou NS B0K 1H0
Circular DrivewayParking(s)
5Picture(s)
40,000
Sutton Group Professional Realty
C$799900
Commercial Sale For Sale
88 Patterson Street, Pictou NS B0K 1H0
Circular DrivewayParking(s)
40,000
Sutton Group Professional Realty
E
C$799900
Commercial Sale For Sale
88 Patterson Street, Pictou NS B0K 1H0
Sutton Group Professional Realty
C$799900
Land For Sale
186 Fox Ranch Road, East Amherst Ns B4h 3y3
SingleParking(s)
15Picture(s)
12.53Acre
Coldwell Banker Performance Realty
C$349900
Land For Sale
186 Fox Ranch Road, East Amherst Ns B4h 3y3
SingleParking(s)
12.53Acre
Coldwell Banker Performance Realty
H
C$349900
Land For Sale
186 Fox Ranch Road, East Amherst Ns B4h 3y3
Coldwell Banker Performance Realty
C$349900
Land For Sale
216 Pine Tree Road, Pictou Ns B0k 1h0
DirtParking(s)
5Picture(s)
2.92Acre
Viewpoint Realty Services Inc. (Pictou)
C$45000
Land For Sale
216 Pine Tree Road, Pictou Ns B0k 1h0
DirtParking(s)
2.92Acre
Viewpoint Realty Services Inc. (Pictou)
l
C$45000
Top 10 Myths that Trip Up First-Time Home Buyers
If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment.
With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.
Buying a home is a big decision, but it doesn’t have to be a scary one. If you arm yourself with knowledge and a qualified team of support professionals, you’ll be well equipped to make the right choices for your family and financial future.
Myth #1: You need a 20% down payment.
Plenty of buyers are purchasing homes with down payments that are much less than 20% of the total cost of the property. Today, you can buy a home with as little as 3-5% down.
There are multiple programs out there that allow you to have a lower down payment, and a lender or mortgage broker can talk you through which option is the best for you. Since you’re putting less money down, you’re a riskier borrower to your lender than people who put down a full 20%. Because of this, you will most likely need to pay mortgage insurance as part of your monthly payment.
Myth #2: Real estate agents are expensive.
Your agent is with you every step of the way throughout your home buying journey, and he or she spends countless hours working on your behalf. It sounds like having an agent is expensive, right? Well, not for you. Buyers usually don’t pay a real estate agent’s commission. Your agent’s fee is paid for at closing by the seller of the home you’re buying.1 The seller knows to factor this cost into the property’s total purchase price.
Myth #3: Don’t call a real estate agent until you’re ready to buy.
The earlier you bring in an agent to help with the purchasing process, the better. Even if you’re in the very early stages of casually browsing Zillow, a real estate professional can be a huge help.
They can create a search for you in the Multiple Listing Service (MLS), so you get notifications for every house that meets your criteria as soon as it hits the market. The MLS is typically more up-to-date than popular home search sites like Zillow and Trulia. Setting up a search a few months before you’re considering buying gives you a good idea of what’s out there in your town that’s in your budget. Reviewing the MLS and speaking with an agent as soon as possible can help you set realistic expectations for when you actually start the house hunting process.
Myth #4: Fixer-uppers are more budget friendly.
We’ve all watched the shows on HGTV that encourage people to go after fixer-uppers because they’re more affordable and allow buyers to eventually renovate the home to include everything on their wishlist. But, this isn’t always the case.
Sometimes, homes that need a lot of work also require a lot of money. Big renovations, like add-ons, a total kitchen remodel, or installing a pool, take a lot longer than it looks on TV. If you’re really interested in a fixer-upper, ask your agent to show you a mix of newer homes and older homes. If you fall in love with an older home that needs a lot of work, get some quotes from contractors before you buy so you know the real cost of the renovations and see if you can work them into your budget.
Myth #5: Your only upfront cost is your down payment.
Your down payment is big, but it isn’t the only money you’ll spend during the home buying process. At closing, you’ll pay your down payment, but you’ll also bring closing costs to the table. Closing costs are typically anywhere from 2-4% of the total purchase price of the home.2 This amount includes the cost for items like homeowners insurance, title fees, and more.
You’ll also need to pay for an inspection before closing, which usually costs a few hundred dollars. This price will be higher or lower based on the size of your new property. Your lender will also require an appraisal. An appraiser will come in and inspect the home to determine how much it’s worth. Depending on your lender, you may have to pay this when the appraisal is conducted or it might be rolled into your closing costs.
Myth #6: You need a high credit score to buy a house.
You don’t need perfect credit to buy the perfect home. There are loans out there that buyers with lower credit scores can qualify for. These are good options for people who have had credit issues in the past, but some of them come with additional fees you will need to pay. Speak to a few local lenders or mortgage brokers to talk through which options might be best for you.
Myth #7: You can’t qualify for a mortgage if you’re still paying off student loans.
While some buyers may feel more comfortable paying off their existing debts before taking the leap into homeownership, it’s not a requirement. When you’re applying for a mortgage, the lender takes a close look at your debt-to-income ratio.3 If you want to calculate this on your own, add up all of your monthly debt payments and divide those by your monthly income. When you’re lender does this, they’re trying to make sure that you will be able to afford your monthly mortgage payments along with your other existing payments. If your income is high enough to allow you to make all of these payments each month, having a student loan will most likely not stop you from getting a mortgage.
Myth #8: You should base your budget on what your lender approves.
How much house you qualify for and how much you can afford are two totally different numbers. When you prequalify for a mortgage, your lender will look at your income, debt, assets, credit score, and financial history to determine how much money you might qualify for.4 For some people, this number might be much higher than you thought because lenders tend to approve for the highest amount they think you can afford. But that doesn’t mean that’s how much you should borrow.
Instead, figure out how much house you can actually afford. An online mortgage calculator can be a good first step in determining this number. We recommend thinking about what you want your monthly payment to be as a starting point. And remember to include your principal, interest, taxes, and, insurance. You should also think about ownership expenses that aren’t part of your monthly payment, like HOA dues and maintenance.
Myth #9: It’s all about location.
You’ve heard the phrase. Location, location, location is basically the real estate industry’s motto, but we’ll let you in on a little known secret: It’s not always true. Yes, location is great to consider when it comes to school districts and commute times, but you also need to think about how the home will function for you and/or your family’s lifestyle. If a family of five is choosing between a one bedroom condo in the bustling city center and a 4-bedroom home out in the suburbs, the latter is probably the best, most functional choice for them. Also, by buying in a less sought after neighborhood, your property taxes will most likely be much lower!
Obviously, you might still want to choose an area with great resale potential, and this is something that your agent can speak to you about. They’re an expert in your city and are constantly monitoring buying and selling trends.
Myth #10: If you look hard enough, you’ll find a home that checks every box on your wishlist.
You’ve seen that famous house hunting show. And while we have our suspicions about how real it is, the one thing they get right is that almost every buyer needs to compromise on something. Yes, the perfect house that meets every item on your wishlist is probably out there, but it’s also probably double or triple your budget.
A long wishlist can be a great starting point for figuring out what you want and don’t want, but we recommend narrowing that wishlist down to the top five things that are important to you in order of priority. We also recommend noting on your wishlist what your absolute deal breakers are, like “must have a yard for our dog,” and noting what you can live without, like “heated bathroom floors.”
This is a great list to discuss when you first start talking to an agent. A good real estate agent will be able to look at your list and find properties that might work for you. By coming to that first meeting with realistic expectations and knowledge about home buying rather than a bunch of myths heard here and there, you’ll be able to start the process off on the right foot and be in your new house in no time.
WE’RE HERE TO HELP
Whether you’re a first-time buyer or a seasoned homeowner, there’s no reason to go through the home buying process without an advocate on your side. We’re here to answer your questions and do the hard work for you, so you can spend your time dreaming about your new home. Call us today to schedule a free, no-obligation consultation.
Wallace Lake Lots for Sale | Conquerall Mills
Wallace Lake Lots
Conquerall Mills & Lunenburg County
Lake
Very quiet, usually only paddle boats and canoes. Very private
Fish: Bass, trout and gaspereau.
Lake Depth can reach 35-40 feet; average is 15 ft.
Lot Details
Each lot has 160-200 ft of lake frontage and 450-600 ft deep.
One or two plateaus allow for building on higher ground.
Large lot located on protected Northwest Cove on Wallace Lake in Conquerall Mills, with convenient access to Hwy 103, Bridgewater and Lunenburg. Very private. Lake is Fed by 2 brooks. Very quiet lake; usually only paddle boats and canoes. Fish: bass, trout and gaspereau. Lake Depth can reach 35-40 feet; average is 15 ft. Private access road. 55 minutes from Halifax, 5 mins to Bridgewater, on the South Shore. Septic approved, surveyed, power poles are in and ready for your recreational or year round home to be built. Ideal lake for swimming, kayaking, paddle board and canoes in summer. Great for winter skating!
LOT DIRECTIONS:
Private access road with power lines. 55 minutes from Halifax, 5mi past Bridgewater, on the South Shore.Very private.
Driving Directions:
Take 103 past Bridgewater to end of the controlled access highway.
Turn left to Conquerall Mills at flashing light.
Drive 2.2 km. Turn right on Fitch Road.
Drive 1.6 km to end of Fitch Road to Lake Road – T-intersection
Turn right on Lake Road.
Take 1st road on right – Wallace Lake Acres road.
Proceed down Wallace Lake Acres Rd. about 2KM and turn right on Beechwood Dr.
Turn Right on Lakeview Drive.
Lots start on the left side of the road at the top of the hill.
The lake is on the Left 450-600 feet through the woods.
Property Facts
Lot Depth is approximately 600 Ft
Waterfrontage approximately 150 FT wide
Driveway can be built for approximately $4,000
Power Lines on site, Set up required
No restrictions on motor boats on lake
Lake is fed by two brooks
Lake depth can reach 35-40ft, average is 15ft
New Private Access Road
55 Minutes from Halifax, 5 Miles pas Bridgewater, on the South Shore
Road Maintenance
Road maintenance includes filling of pot holes (volunteers), several loads of road gravel per year spread mostly where needed. Primarily the Wallace Lake Acres road is maintained from the red gate back to the first intersection (Woodland Ave). Lakeview Drive now has a full time house at the end and will be maintained as needed.
The road is usually graded every 2 to 4 years as needed. Totally depends on its condition. Brush cutting along the roads is done by lot owner volunteers…usually in September each year.
Snow removal from driveways is the responsibility of the cottage owner.
We currently have 5 full time residents at site and luckily two have snow plow trucks and volunteer their efforts to clear to the red gate at the government road.
The full time residents who don’t have a snow plow usually hire John Fancy (out on the Fitch Lake Rd) to do the snow removal for the driveways.
Road maintenance back to Wallace Lake is handled by the Wallace Lake owners association.
Here are some details:
President, Peter Berrigan, 902-543-5695
Vacant Lot owners are charged about $30 yearly (tent or moveable camper), Dwelling and cottage owners $150 yearly.
Driveways are not constructed to allow owners to design their own driveway access. Cost for a switch-back driveway is about $4,000.00 per lot. Contact us for the names of a contractor who can give you a good price on this at cowansmithteam@supercityrealty.com
Sewage System
Perk Tests have been performed on all lots.If a land owner goes with our suggestion to the location of the septic, its not necessary to re-dig a soil test pit.As long as we keep within 20 to 30 feet of the old test pit.
If a land owner wants an entirely different layout….and the proposed system would be much more than that distance away from the soil test pit, then yes, technically we have to do another at the time we obtain a septic permit just to confirm soils have not changed in that distance.
Proposed septics are Sloping Sand Filters.These will handle from 1 to 10 bedrooms.That should be sufficient.
It’s not necessary for a new owner to build as we have indicated around the test pit….also, we do not know if someone wants to build a 1 bedroom home or 10 bedroom home with 3 bedroom guest house and loft apartment above a garage.Also, people may wish to build in a different location…so that can change things. Our plan simple confirms that a septic system and well can fit on a lot.
Prices can be affected by gravity feed system vs pump system.A pump system alone can add $4000 to the cost.
We see typical costs in this area for a standard gravity feed system around $14k.
Click Below for more info from Environment Nova Scotia:
Schedule A Viewing
Visit Us
- 128 Chain Lake Drive, Halifax
- Cowansmithteam@supercityrealty.com
- 902 452 1639
