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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
Residential For Sale
40 Covey Drive, North Kentville NS B4N 0H8
2Bedroom(s)
2Bathroom(s)
AttachedParking(s)
7Picture(s)
1,190
Royal LePage Atlantic (New Minas)
C$510000
Residential For Sale
40 Covey Drive, North Kentville NS B4N 0H8
2Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,190
Royal LePage Atlantic (New Minas)
W
C$510000
Residential For Sale
40 Covey Drive, North Kentville NS B4N 0H8
Royal LePage Atlantic (New Minas)
2Bedroom(s)
2Bathroom(s)
C$510000
Land For Sale
2084 Spring Garden Road, Westville Ns B0k 2a0
NoneParking(s)
3Picture(s)
6Acre
PG Direct Realty Ltd.
C$120000
Land For Sale
2084 Spring Garden Road, Westville Ns B0k 2a0
NoneParking(s)
6Acre
PG Direct Realty Ltd.
F
C$120000
Commercial Sale For Sale
39 Stellarton Road, New Glasgow Ns B2h 1l7
PavedParking(s)
15Picture(s)
1,526
Results Realty Atlantic Inc.
C$299900
Commercial Sale For Sale
39 Stellarton Road, New Glasgow Ns B2h 1l7
PavedParking(s)
1,526
Results Realty Atlantic Inc.
W
C$299900
Commercial Sale For Sale
39 Stellarton Road, New Glasgow Ns B2h 1l7
Results Realty Atlantic Inc.
C$299900
Land For Sale
31 Rink Street, Maccan Ns B0l 0a2
NoneParking(s)
3Picture(s)
0.82Acre
Viewpoint Realty Services Inc. (Pictou)
C$24900
Land For Sale
31 Rink Street, Maccan Ns B0l 0a2
NoneParking(s)
0.82Acre
Viewpoint Realty Services Inc. (Pictou)
T
C$24900
Residential For Sale
820 Main Street, Glace Bay NS B1A 4Z1
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
47Picture(s)
3,192
Coldwell Banker Boardwalk Realty
C$399900
Residential For Sale
820 Main Street, Glace Bay NS B1A 4Z1
3Bedroom(s)
3Bathroom(s)
DoubleParking(s)
3,192
Coldwell Banker Boardwalk Realty
W
C$399900
Residential For Sale
820 Main Street, Glace Bay NS B1A 4Z1
Coldwell Banker Boardwalk Realty
3Bedroom(s)
3Bathroom(s)
C$399900
Land For Sale
206 Highway, West Arichat Ns B0e 1a0
DirtParking(s)
34Picture(s)
47.57Acre
EXP Realty of Canada Inc.
C$95000
Land For Sale
206 Highway, West Arichat Ns B0e 1a0
DirtParking(s)
47.57Acre
EXP Realty of Canada Inc.
L
C$95000
Land For Sale
337 Highway, Georgeville Ns B2g 2l1
DirtParking(s)
5Picture(s)
86Acre
Viewpoint Realty Services Inc.(Antigonish)
C$155000
Land For Sale
337 Highway, Georgeville Ns B2g 2l1
DirtParking(s)
86Acre
Viewpoint Realty Services Inc.(Antigonish)
8
C$155000
Land For Sale
337 Highway, Georgeville Ns B2g 2l1
Viewpoint Realty Services Inc.(Antigonish)
C$155000
Land For Sale
417 Main Street, Mulgrave Ns B0e 2g0
NoneParking(s)
4Picture(s)
0.42Acre
PG Direct Realty Ltd.
C$39000
C$39000
Land For Sale
Evanston Road, Evanston Ns B0e 1j0
NoneParking(s)
30Picture(s)
2.37Acre
EXP Realty of Canada Inc.
C$89000
Land For Sale
Evanston Road, Evanston Ns B0e 1j0
NoneParking(s)
2.37Acre
EXP Realty of Canada Inc.
B
C$89000
Land For Sale
98-2 John Black Road, East Amherst Ns B4h 3y3
SingleParking(s)
15Picture(s)
1.31Acre
Royal LePage Cumberland Realty Ltd.
C$88500
Land For Sale
98-2 John Black Road, East Amherst Ns B4h 3y3
SingleParking(s)
1.31Acre
Royal LePage Cumberland Realty Ltd.
A
C$88500
Land For Sale
98-2 John Black Road, East Amherst Ns B4h 3y3
Royal LePage Cumberland Realty Ltd.
C$88500
Commercial Sale For Sale
4 Macaskill Drive, St. Peter's NS B0E 3B0
GuestParking(s)
21Picture(s)
1,420
Viewpoint Realty Services Inc. (Sydney)
C$219900
Commercial Sale For Sale
4 Macaskill Drive, St. Peter's NS B0E 3B0
GuestParking(s)
1,420
Viewpoint Realty Services Inc. (Sydney)
C
C$219900
Commercial Sale For Sale
4 Macaskill Drive, St. Peter's NS B0E 3B0
Viewpoint Realty Services Inc. (Sydney)
C$219900
Land For Sale
80-2 Carroll Crescent, Brookdale Ns B4h 3y1
NoneParking(s)
12Picture(s)
1.14Acre
Royal LePage Cumberland Realty Ltd.
C$27500
Land For Sale
80-2 Carroll Crescent, Brookdale Ns B4h 3y1
NoneParking(s)
1.14Acre
Royal LePage Cumberland Realty Ltd.
G
C$27500
Land For Sale
80-2 Carroll Crescent, Brookdale Ns B4h 3y1
Royal LePage Cumberland Realty Ltd.
C$27500
Residential For Sale
27 Wharf Lane, Hunts Point Ns B0t 1g0
3Bedroom(s)
2Bathroom(s)
SingleParking(s)
32Picture(s)
1,786
EXIT Realty Inter Lake Liverpool
C$299999
Residential For Sale
27 Wharf Lane, Hunts Point Ns B0t 1g0
3Bedroom(s)
2Bathroom(s)
SingleParking(s)
1,786
EXIT Realty Inter Lake Liverpool
W
C$299999
Residential For Sale
27 Wharf Lane, Hunts Point Ns B0t 1g0
EXIT Realty Inter Lake Liverpool
3Bedroom(s)
2Bathroom(s)
C$299999
Land For Sale
Hwy 337 Morristown, Morristown Ns B2g 2l2
GravelParking(s)
24Picture(s)
2.50Acre
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$320000
Land For Sale
Hwy 337 Morristown, Morristown Ns B2g 2l2
GravelParking(s)
2.50Acre
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
A
C$320000
Land For Sale
Hwy 337 Morristown, Morristown Ns B2g 2l2
ROYAL LEPAGE HIGHLAND PROPERTIES - D100
C$320000
Residential For Sale
147 Hendsbee Wharf Road, Queensport Ns B0h 1n0
4Bedroom(s)
2Bathroom(s)
DoubleParking(s)
29Picture(s)
1,936
Del Mar Realty Inc.
C$299900
Residential For Sale
147 Hendsbee Wharf Road, Queensport Ns B0h 1n0
4Bedroom(s)
2Bathroom(s)
DoubleParking(s)
1,936
Del Mar Realty Inc.
M
C$299900
Residential For Sale
147 Hendsbee Wharf Road, Queensport Ns B0h 1n0
Del Mar Realty Inc.
4Bedroom(s)
2Bathroom(s)
C$299900
Residential For Sale
590 Second Division Road, Meteghan Ns B0w 2l0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
38Picture(s)
714
RE/MAX Banner Real Estate
C$109000
Residential For Sale
590 Second Division Road, Meteghan Ns B0w 2l0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
714
RE/MAX Banner Real Estate
W
C$109000
Residential For Sale
590 Second Division Road, Meteghan Ns B0w 2l0
RE/MAX Banner Real Estate
2Bedroom(s)
1Bathroom(s)
C$109000
Residential For Sale
489&485 Maple Dr Drive, Cape George Ns B0e 3b0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
50Picture(s)
5,181
Cape Breton Realty
C$1790000
Residential For Sale
489&485 Maple Dr Drive, Cape George Ns B0e 3b0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
5,181
Cape Breton Realty
L
C$1790000
Residential For Sale
489&485 Maple Dr Drive, Cape George Ns B0e 3b0
Cape Breton Realty
3Bedroom(s)
2Bathroom(s)
C$1790000
Commercial Sale For Sale
151 Provost Street, New Glasgow Ns B2h 2p6
OtherParking(s)
13Picture(s)
14,948
One Percent Realty East Inc.
C$1399900
Commercial Sale For Sale
151 Provost Street, New Glasgow Ns B2h 2p6
OtherParking(s)
14,948
One Percent Realty East Inc.
H
C$1399900
Commercial Sale For Sale
151 Provost Street, New Glasgow Ns B2h 2p6
One Percent Realty East Inc.
C$1399900
Land For Sale
Leonard Road Lot 2, Central Clarence Ns B0s 1p0
NoneParking(s)
2Picture(s)
1.14Acre
Exit Realty Town & Country
C$29900
Land For Sale
Leonard Road Lot 2, Central Clarence Ns B0s 1p0
NoneParking(s)
1.14Acre
Exit Realty Town & Country
B
C$29900
Land For Sale
331 Highway, West Lahave NS B0R 1G0
NoneParking(s)
1Picture(s)
110.05Acre
Viewpoint Realty Services Inc. (Mahone Bay)
C$99900
Land For Sale
331 Highway, West Lahave NS B0R 1G0
NoneParking(s)
110.05Acre
Viewpoint Realty Services Inc. (Mahone Bay)
L
C$99900
Land For Sale
331 Highway, West Lahave NS B0R 1G0
Viewpoint Realty Services Inc. (Mahone Bay)
C$99900
Land For Sale
LOT Bald Rock Road, Bald Rock NS B3V 1K9
GravelParking(s)
21Picture(s)
19.90Acre
Sutton Group Professional Realty
C$189900
Land For Sale
LOT Bald Rock Road, Bald Rock NS B3V 1K9
GravelParking(s)
19.90Acre
Sutton Group Professional Realty
I
C$189900
Commercial Sale For Sale
232 Foord Street, Stellarton Ns B0k 1s0
GuestParking(s)
20Picture(s)
2,388
Sunrise Brokerage & Sales Ltd. Pictou
C$399900
Commercial Sale For Sale
232 Foord Street, Stellarton Ns B0k 1s0
GuestParking(s)
2,388
Sunrise Brokerage & Sales Ltd. Pictou
I
C$399900
Commercial Sale For Sale
232 Foord Street, Stellarton Ns B0k 1s0
Sunrise Brokerage & Sales Ltd. Pictou
C$399900
Land For Sale
Maple Ridge Drive Lot 6, White Point Ns B0t 1k0
NoneParking(s)
19Picture(s)
0.78Acre
EXIT Realty Inter Lake
C$22900
Land For Sale
Maple Ridge Drive Lot 6, White Point Ns B0t 1k0
NoneParking(s)
0.78Acre
EXIT Realty Inter Lake
W
C$22900
Land For Sale
Maple Ridge Drive Lot 7, White Point Ns B0t 1k0
NoneParking(s)
20Picture(s)
0.78Acre
EXIT Realty Inter Lake
C$22900
Land For Sale
Maple Ridge Drive Lot 7, White Point Ns B0t 1k0
NoneParking(s)
0.78Acre
EXIT Realty Inter Lake
W
C$22900
Land For Sale
70 Mosher Road Lot 6A, Western Head NS B0T 1K0
NoneParking(s)
8Picture(s)
4.99Acre
Red Door Realty(20036)
C$150000
Land For Sale
70 Mosher Road Lot 6A, Western Head NS B0T 1K0
NoneParking(s)
4.99Acre
Red Door Realty(20036)
E
C$150000
Land For Sale
Maple Ridge Drive Lot 12, White Point Ns B0t 1k0
NoneParking(s)
20Picture(s)
0.81Acre
EXIT Realty Inter Lake
C$22900
Land For Sale
Maple Ridge Drive Lot 12, White Point Ns B0t 1k0
NoneParking(s)
0.81Acre
EXIT Realty Inter Lake
W
C$22900
Land For Sale
South Grantie P Lane, Scotsville NS B0E 3M0
NoneParking(s)
1Picture(s)
3.25Acre
Harvey Realties Limited (St.Peters)
C$32500
Land For Sale
South Grantie P Lane, Scotsville NS B0E 3M0
NoneParking(s)
3.25Acre
Harvey Realties Limited (St.Peters)
T
C$32500
Land For Sale
South Grantie P Lane, Scotsville NS B0E 3M0
Harvey Realties Limited (St.Peters)
C$32500
Land For Sale
Whycocomagh Road, Skye Glen NS B0E 3M0
NoneParking(s)
1Picture(s)
2.50Acre
Harvey Realties Limited (St.Peters)
C$29500
Land For Sale
Whycocomagh Road, Skye Glen NS B0E 3M0
NoneParking(s)
2.50Acre
Harvey Realties Limited (St.Peters)
T
C$29500
Land For Sale
Widow Point Road, Widow Point NS B0E 3K0
NoneParking(s)
1Picture(s)
3.48Acre
Harvey Realties Limited (St.Peters)
C$49500
Land For Sale
Widow Point Road, Widow Point NS B0E 3K0
NoneParking(s)
3.48Acre
Harvey Realties Limited (St.Peters)
L
C$49500
Land For Sale
Grandique Road, Grand Lake NS B0E 1K0
NoneParking(s)
10Picture(s)
5.50Acre
Harvey Realties Limited (St.Peters)
C$39500
Land For Sale
Grandique Road, Grand Lake NS B0E 1K0
NoneParking(s)
5.50Acre
Harvey Realties Limited (St.Peters)
L
C$39500
Residential For Sale
70 Mosher Road Lot 8, Western Head Ns B0t 1k0
1Bedroom(s)
1Bathroom(s)
GravelParking(s)
35Picture(s)
531
Red Door Realty(20036)
C$319000
Residential For Sale
70 Mosher Road Lot 8, Western Head Ns B0t 1k0
1Bedroom(s)
1Bathroom(s)
GravelParking(s)
531
Red Door Realty(20036)
A
C$319000
Residential For Sale
70 Mosher Road Lot 8, Western Head Ns B0t 1k0
Red Door Realty(20036)
1Bedroom(s)
1Bathroom(s)
C$319000
Land For Sale
Hwy 4 lot 40, Cleveland NS B0E 1J0
NoneParking(s)
1Picture(s)
3.20Acre
Cape Breton Realty
C$59000
C$59000
Residential For Sale
632 Orangedale Iona Rd, West Alba Ns B0e 3m0
4Bedroom(s)
2Bathroom(s)
AttachedParking(s)
50Picture(s)
2,324
Cape Breton Realty
C$1499000
Residential For Sale
632 Orangedale Iona Rd, West Alba Ns B0e 3m0
4Bedroom(s)
2Bathroom(s)
AttachedParking(s)
2,324
Cape Breton Realty
F
C$1499000
Residential For Sale
632 Orangedale Iona Rd, West Alba Ns B0e 3m0
Cape Breton Realty
4Bedroom(s)
2Bathroom(s)
C$1499000
Land For Sale
Marble Mountain Road, Marble Mountain Ns B0e 3k0
NoneParking(s)
20Picture(s)
67.50Acre
Viewpoint Realty Services Inc. (Sydney)
C$1395000
Land For Sale
Marble Mountain Road, Marble Mountain Ns B0e 3k0
NoneParking(s)
67.50Acre
Viewpoint Realty Services Inc. (Sydney)
A
C$1395000
Land For Sale
Marble Mountain Road, Marble Mountain Ns B0e 3k0
Viewpoint Realty Services Inc. (Sydney)
C$1395000
Residential For Sale
469 South Grand Lake Road, Arichat NS B0E 1A0
1Bedroom(s)
1Bathroom(s)
DirtParking(s)
18Picture(s)
660
RE/MAX Nova
C$299900
Residential For Sale
469 South Grand Lake Road, Arichat NS B0E 1A0
1Bedroom(s)
1Bathroom(s)
DirtParking(s)
660
RE/MAX Nova
I
C$299900
Residential For Sale
469 South Grand Lake Road, Arichat NS B0E 1A0
RE/MAX Nova
1Bedroom(s)
1Bathroom(s)
C$299900
Land For Sale
Lot 09-13 Highway 316, Upper Whitehead NS B0H 1T0
NoneParking(s)
4Picture(s)
3.80Acre
Del Mar Realty Inc.
C$78161
Land For Sale
Lot 09-13 Highway 316, Upper Whitehead NS B0H 1T0
NoneParking(s)
3.80Acre
Del Mar Realty Inc.
-
C$78161
Land For Sale
Lot 09-11 Highway 316, Upper Whitehead NS B0H 1T0
NoneParking(s)
4Picture(s)
3.33Acre
Del Mar Realty Inc.
C$59700
Land For Sale
Lot 09-11 Highway 316, Upper Whitehead NS B0H 1T0
NoneParking(s)
3.33Acre
Del Mar Realty Inc.
U
C$59700
Land For Sale
Lot 09-9 Highway 316, Upper Whitehead NS B0H 1T0
NoneParking(s)
4Picture(s)
2.22Acre
Del Mar Realty Inc.
C$54500
Land For Sale
Lot 09-9 Highway 316, Upper Whitehead NS B0H 1T0
NoneParking(s)
2.22Acre
Del Mar Realty Inc.
L
C$54500
Land For Sale
Lot 09-4 316 Highway, Upper Whitehead NS B0H 1T0
NoneParking(s)
4Picture(s)
2.50Acre
Del Mar Realty Inc.
C$52000
Land For Sale
Lot 09-4 316 Highway, Upper Whitehead NS B0H 1T0
NoneParking(s)
2.50Acre
Del Mar Realty Inc.
U
C$52000
Land For Sale
Cabot Trail, St. Joseph du Moine NS B0E 3A0
NoneParking(s)
1Picture(s)
13Acre
Cape Breton Realty (Port Hawkesbury)
C$25000
Land For Sale
Cabot Trail, St. Joseph du Moine NS B0E 3A0
NoneParking(s)
13Acre
Cape Breton Realty (Port Hawkesbury)
T
C$25000
Land For Sale
Cabot Trail, St. Joseph du Moine NS B0E 3A0
Cape Breton Realty (Port Hawkesbury)
C$25000
Commercial Sale For Sale
2701-2715 Westville Road S, Westville Road Ns B2h 5c6
GravelParking(s)
17Picture(s)
2,100
ROI Group Commercial Real Estate Advisors Limited
C$750000
Commercial Sale For Sale
2701-2715 Westville Road S, Westville Road Ns B2h 5c6
GravelParking(s)
2,100
ROI Group Commercial Real Estate Advisors Limited
K
C$750000
Commercial Sale For Sale
2701-2715 Westville Road S, Westville Road Ns B2h 5c6
ROI Group Commercial Real Estate Advisors Limited
C$750000
Residential For Sale
62 Semple Creek Road, Brule Ns B0k 1v0
4Bedroom(s)
3Bathroom(s)
DoubleParking(s)
33Picture(s)
2,846
Press Realty Inc.
C$650000
Residential For Sale
62 Semple Creek Road, Brule Ns B0k 1v0
4Bedroom(s)
3Bathroom(s)
DoubleParking(s)
2,846
Press Realty Inc.
T
C$650000
Residential For Sale
62 Semple Creek Road, Brule Ns B0k 1v0
Press Realty Inc.
4Bedroom(s)
3Bathroom(s)
C$650000
Commercial Sale For Sale
42 Warwick Street, Digby Ns B0v 1a0
GravelParking(s)
22Picture(s)
384
Exit Realty Town & Country
C$144900
Commercial Sale For Sale
42 Warwick Street, Digby Ns B0v 1a0
GravelParking(s)
384
Exit Realty Town & Country
I
C$144900
Land For Sale
Boutilier Branch Road, Kemptville Ns B5a 5p3
NoneParking(s)
2Picture(s)
13.29Acre
The Real Estate Store
C$94900
Land For Sale
Boutilier Branch Road, Kemptville Ns B5a 5p3
NoneParking(s)
13.29Acre
The Real Estate Store
A
C$94900
Commercial Sale For Sale
343 Main Street, Liverpool Ns B0t 1k0
SingleParking(s)
37Picture(s)
2,183
Engel & Volkers
C$399000
Commercial Sale For Sale
343 Main Street, Liverpool Ns B0t 1k0
SingleParking(s)
2,183
Engel & Volkers
T
C$399000
Land For Sale
54 Railway Street, Inverness County Ns B0e 1n0
GravelParking(s)
22Picture(s)
0.70Acre
Engel & Volkers
C$375000
Land For Sale
54 Railway Street, Inverness County Ns B0e 1n0
GravelParking(s)
0.70Acre
Engel & Volkers
A
C$375000
Land For Sale
Cabot Trail, Grand Étang NS B0E 1L0
OtherParking(s)
8Picture(s)
6Acre
Cape Breton Realty (Port Hawkesbury)
C$199000
Land For Sale
Cabot Trail, Grand Étang NS B0E 1L0
OtherParking(s)
6Acre
Cape Breton Realty (Port Hawkesbury)
D
C$199000
Land For Sale
Hansa Strasse Road Lot 2B, Karsdale NS B0S 1A0
NoneParking(s)
4Picture(s)
2.20Acre
Engel & Volkers (Annapolis Royal)
C$39900
Land For Sale
Hansa Strasse Road Lot 2B, Karsdale NS B0S 1A0
NoneParking(s)
2.20Acre
Engel & Volkers (Annapolis Royal)
2
C$39900
Land For Sale
Hansa Strasse Road Lot 2B, Karsdale NS B0S 1A0
Engel & Volkers (Annapolis Royal)
C$39900
Land For Sale
Hansa Strasse Road Lot 3, Karsdale NS B0S 1A0
NoneParking(s)
4Picture(s)
2.82Acre
Engel & Volkers (Annapolis Royal)
C$42900
Land For Sale
Hansa Strasse Road Lot 3, Karsdale NS B0S 1A0
NoneParking(s)
2.82Acre
Engel & Volkers (Annapolis Royal)
2
C$42900
Land For Sale
Hansa Strasse Road Lot 3, Karsdale NS B0S 1A0
Engel & Volkers (Annapolis Royal)
C$42900
Land For Sale
Hansa Strasse Road Lot 1a, Karsdale Ns B0s 1a0
NoneParking(s)
4Picture(s)
2.24Acre
Engel & Volkers (Annapolis Royal)
C$39900
Land For Sale
Hansa Strasse Road Lot 1a, Karsdale Ns B0s 1a0
NoneParking(s)
2.24Acre
Engel & Volkers (Annapolis Royal)
2
C$39900
Land For Sale
Hansa Strasse Road Lot 1a, Karsdale Ns B0s 1a0
Engel & Volkers (Annapolis Royal)
C$39900
Land For Sale
Lot Highway 101, Ashmore Ns B0w 3t0
NoneParking(s)
5Picture(s)
4.25Acre
RE/MAX Banner Real Estate
C$21500
Land For Sale
Lot Highway 101, Ashmore Ns B0w 3t0
NoneParking(s)
4.25Acre
RE/MAX Banner Real Estate
T
C$21500
Residential For Sale
15661 Cabot Trail, Chéticamp NS B0E 1H0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
35Picture(s)
1,590
Cape Breton Realty (Port Hawkesbury)
C$549900
Residential For Sale
15661 Cabot Trail, Chéticamp NS B0E 1H0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
1,590
Cape Breton Realty (Port Hawkesbury)
E
C$549900
Residential For Sale
15661 Cabot Trail, Chéticamp NS B0E 1H0
Cape Breton Realty (Port Hawkesbury)
3Bedroom(s)
2Bathroom(s)
C$549900
Farm For Sale
1272 Hilltown Road, Hilltown Ns B0w 3t0
1Bathroom(s)
DetachedParking(s)
37Picture(s)
10.81Acre
Exit Realty Town & Country
C$260000
Farm For Sale
1272 Hilltown Road, Hilltown Ns B0w 3t0
1Bathroom(s)
DetachedParking(s)
10.81Acre
Exit Realty Town & Country
O
C$260000
Farm For Sale
1272 Hilltown Road, Hilltown Ns B0w 3t0
Exit Realty Town & Country
1Bathroom(s)
C$260000
Land For Sale
Lot 3 Butler Road, Lake Egmont NS B0N 2H0
NoneParking(s)
3Picture(s)
1.36Acre
Hants Realty Ltd.
C$29900
C$29900
Land For Sale
Lot 2 Butler Road, Lake Egmont NS B0N 2H0
NoneParking(s)
3Picture(s)
1.36Acre
Hants Realty Ltd.
C$29900
C$29900
Land For Sale
Lot 1 Butler Road, Lake Egmont Ns B0n 2h0
NoneParking(s)
3Picture(s)
1.36Acre
Hants Realty Ltd.
C$29900
C$29900
Residential For Sale
Kingston Court lot 144A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1Picture(s)
1,459
Royal LePage Anchor Realty
C$479900
Residential For Sale
Kingston Court lot 144A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,459
Royal LePage Anchor Realty
W
C$479900
Residential For Sale
Kingston Court lot 144A, Three Mile Plains NS B0N 2T0
Royal LePage Anchor Realty
3Bedroom(s)
2Bathroom(s)
C$479900
Land For Sale
653 Burntcoat Road, Burntcoat Ns B0n 1t0
GravelParking(s)
12Picture(s)
59Acre
PG Direct Realty Ltd.
C$729900
Land For Sale
653 Burntcoat Road, Burntcoat Ns B0n 1t0
GravelParking(s)
59Acre
PG Direct Realty Ltd.
V
C$729900
Residential For Sale
135 Orchard Beach Drive, Portapique Ns B0m 1b0
4Bedroom(s)
3Bathroom(s)
GravelParking(s)
12Picture(s)
2,880
PG Direct Realty Ltd.
C$498500
Residential For Sale
135 Orchard Beach Drive, Portapique Ns B0m 1b0
4Bedroom(s)
3Bathroom(s)
GravelParking(s)
2,880
PG Direct Realty Ltd.
V
C$498500
Residential For Sale
135 Orchard Beach Drive, Portapique Ns B0m 1b0
PG Direct Realty Ltd.
4Bedroom(s)
3Bathroom(s)
C$498500
Residential For Sale
Kingston Court lot 159A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1Picture(s)
1,459
Royal LePage Anchor Realty
C$479900
Residential For Sale
Kingston Court lot 159A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,459
Royal LePage Anchor Realty
W
C$479900
Residential For Sale
Kingston Court lot 159A, Three Mile Plains NS B0N 2T0
Royal LePage Anchor Realty
3Bedroom(s)
2Bathroom(s)
C$479900
Residential For Sale
Kingston Court lot 158B, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1Picture(s)
1,459
Royal LePage Anchor Realty
C$479900
Residential For Sale
Kingston Court lot 158B, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,459
Royal LePage Anchor Realty
W
C$479900
Residential For Sale
Kingston Court lot 158B, Three Mile Plains NS B0N 2T0
Royal LePage Anchor Realty
3Bedroom(s)
2Bathroom(s)
C$479900
Residential For Sale
Kingston Court lot 158A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1Picture(s)
1,459
Royal LePage Anchor Realty
C$479900
Residential For Sale
Kingston Court lot 158A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,459
Royal LePage Anchor Realty
W
C$479900
Residential For Sale
Kingston Court lot 158A, Three Mile Plains NS B0N 2T0
Royal LePage Anchor Realty
3Bedroom(s)
2Bathroom(s)
C$479900
Residential For Sale
Kingston Court lot 157B, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1Picture(s)
1,459
Royal LePage Anchor Realty
C$479900
Residential For Sale
Kingston Court lot 157B, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,459
Royal LePage Anchor Realty
W
C$479900
Residential For Sale
Kingston Court lot 157B, Three Mile Plains NS B0N 2T0
Royal LePage Anchor Realty
3Bedroom(s)
2Bathroom(s)
C$479900
Residential For Sale
Kingston Court lot 157A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1Picture(s)
1,459
Royal LePage Anchor Realty
C$479900
Residential For Sale
Kingston Court lot 157A, Three Mile Plains NS B0N 2T0
3Bedroom(s)
2Bathroom(s)
AttachedParking(s)
1,459
Royal LePage Anchor Realty
W
C$479900
Residential For Sale
Kingston Court lot 157A, Three Mile Plains NS B0N 2T0
Royal LePage Anchor Realty
3Bedroom(s)
2Bathroom(s)
C$479900
Residential For Sale
81 Cottontail Lane, Mineville Ns B2z 0c5
3Bedroom(s)
3Bathroom(s)
AttachedParking(s)
46Picture(s)
2,561
Royal LePage Atlantic (Dartmouth)
C$699900
Residential For Sale
81 Cottontail Lane, Mineville Ns B2z 0c5
3Bedroom(s)
3Bathroom(s)
AttachedParking(s)
2,561
Royal LePage Atlantic (Dartmouth)
Y
C$699900
Residential For Sale
81 Cottontail Lane, Mineville Ns B2z 0c5
Royal LePage Atlantic (Dartmouth)
3Bedroom(s)
3Bathroom(s)
C$699900
Land For Sale
#4 Highway, Irish Cove NS B0E 3B0
SingleParking(s)
6Picture(s)
6.05Acre
Cape Breton Realty
C$99900
C$99900
Residential For Sale
2171 208 Highway, Hemford NS B0R 1E0
3Bedroom(s)
2Bathroom(s)
NoneParking(s)
17Picture(s)
1,184
Holm Realty Limited
C$269900
Residential For Sale
2171 208 Highway, Hemford NS B0R 1E0
3Bedroom(s)
2Bathroom(s)
NoneParking(s)
1,184
Holm Realty Limited
F
C$269900
Residential For Sale
2171 208 Highway, Hemford NS B0R 1E0
Holm Realty Limited
3Bedroom(s)
2Bathroom(s)
C$269900
Land For Sale
#4 Highway, Irish Cove NS B0E 3B0
SingleParking(s)
5Picture(s)
2.90Acre
Cape Breton Realty
C$39900
C$39900
Land For Sale
1533 Riverside Road, New Edinburgh Ns B0w 3t0
GravelParking(s)
29Picture(s)
4.66Acre
RE/MAX Banner Real Estate
C$99000
Land For Sale
1533 Riverside Road, New Edinburgh Ns B0w 3t0
GravelParking(s)
4.66Acre
RE/MAX Banner Real Estate
D
C$99000
Land For Sale
Cabot Trail, Grand Étang NS B0E 1L0
NoneParking(s)
1Picture(s)
50Acre
Cape Breton Realty (Port Hawkesbury)
C$60000
Land For Sale
Cabot Trail, Grand Étang NS B0E 1L0
NoneParking(s)
50Acre
Cape Breton Realty (Port Hawkesbury)
E
C$60000
Residential For Sale
15 Elm Street, Yarmouth Ns B5a 2p8
3Bedroom(s)
3Bathroom(s)
DetachedParking(s)
43Picture(s)
2,834
The Real Estate Store
C$599900
Residential For Sale
15 Elm Street, Yarmouth Ns B5a 2p8
3Bedroom(s)
3Bathroom(s)
DetachedParking(s)
2,834
The Real Estate Store
W
C$599900
Residential For Sale
15 Elm Street, Yarmouth Ns B5a 2p8
The Real Estate Store
3Bedroom(s)
3Bathroom(s)
C$599900
Residential For Sale
24 Hillside Drive, Cornwallis Park Ns B0s 1h0
3Bedroom(s)
1Bathroom(s)
OtherParking(s)
49Picture(s)
1,150
Century 21 Trident Realty Ltd.
C$95000
Residential For Sale
24 Hillside Drive, Cornwallis Park Ns B0s 1h0
3Bedroom(s)
1Bathroom(s)
OtherParking(s)
1,150
Century 21 Trident Realty Ltd.
K
C$95000
Residential For Sale
24 Hillside Drive, Cornwallis Park Ns B0s 1h0
Century 21 Trident Realty Ltd.
3Bedroom(s)
1Bathroom(s)
C$95000
Land For Sale
308 Cleveland Road, Central Chebogue NS B5A 5G5
SingleParking(s)
3Picture(s)
5.30Acre
RE/MAX Nova (Halifax)
C$60000
Land For Sale
308 Cleveland Road, Central Chebogue NS B5A 5G5
SingleParking(s)
5.30Acre
RE/MAX Nova (Halifax)
W
C$60000
Residential Income For Sale
8219 Highway 101, Barton Ns B0w 1h0
8Bedroom(s)
SingleParking(s)
50Picture(s)
0.99Acre
RE/MAX Banner Real Estate
C$199995
Residential Income For Sale
8219 Highway 101, Barton Ns B0w 1h0
8Bedroom(s)
SingleParking(s)
0.99Acre
RE/MAX Banner Real Estate
W
C$199995
Residential Income For Sale
8219 Highway 101, Barton Ns B0w 1h0
RE/MAX Banner Real Estate
8Bedroom(s)
C$199995
Land For Sale
0 Highway 308, Tusket Ns B0w 3m0
NoneParking(s)
12Picture(s)
27.99Acre
Engel & Volkers (Yarmouth)
C$349000
Land For Sale
0 Highway 308, Tusket Ns B0w 3m0
NoneParking(s)
27.99Acre
Engel & Volkers (Yarmouth)
O
C$349000
Land For Sale
Lot Pembroke Road, Pembroke Ns B5a 5h3
DirtParking(s)
11Picture(s)
1.16Acre
RE/MAX Banner Real Estate(Yarmouth)
C$80000
Land For Sale
Lot Pembroke Road, Pembroke Ns B5a 5h3
DirtParking(s)
1.16Acre
RE/MAX Banner Real Estate(Yarmouth)
L
C$80000
Land For Sale
14590 Cabot Trail, Point Cross NS B0E 1H0
GravelParking(s)
7Picture(s)
0.32Acre
Cape Breton Realty (Port Hawkesbury)
C$29500
Land For Sale
14590 Cabot Trail, Point Cross NS B0E 1H0
GravelParking(s)
0.32Acre
Cape Breton Realty (Port Hawkesbury)
L
C$29500
Land For Sale
14590 Cabot Trail, Point Cross NS B0E 1H0
Cape Breton Realty (Port Hawkesbury)
C$29500
Residential For Sale
2716 Antigonish Guysborough Road, Boylston NS B0H 1G0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
10Picture(s)
384
PG Direct Realty Ltd.
C$125000
Residential For Sale
2716 Antigonish Guysborough Road, Boylston NS B0H 1G0
2Bedroom(s)
1Bathroom(s)
GravelParking(s)
384
PG Direct Realty Ltd.
V
C$125000
Residential For Sale
2716 Antigonish Guysborough Road, Boylston NS B0H 1G0
PG Direct Realty Ltd.
2Bedroom(s)
1Bathroom(s)
C$125000
Land For Sale
824 Salem Road, Enon Ns B1j 1w2
NoneParking(s)
32Picture(s)
193.50Acre
Cape Breton Realty
C$299900
C$299900
Residential For Sale
348 Trout Cove Road, Centreville NS B0V 1A0
4Bedroom(s)
3Bathroom(s)
AttachedParking(s)
18Picture(s)
2,200
Engel & Volkers (Annapolis Royal)
C$1195000
Residential For Sale
348 Trout Cove Road, Centreville NS B0V 1A0
4Bedroom(s)
3Bathroom(s)
AttachedParking(s)
2,200
Engel & Volkers (Annapolis Royal)
T
C$1195000
Residential For Sale
348 Trout Cove Road, Centreville NS B0V 1A0
Engel & Volkers (Annapolis Royal)
4Bedroom(s)
3Bathroom(s)
C$1195000
Land For Sale
Grand Greve Road, Grande Greve Ns B0e 3b0
NoneParking(s)
30Picture(s)
9.90Acre
EXP Realty of Canada Inc.
C$179000
Land For Sale
Grand Greve Road, Grande Greve Ns B0e 3b0
NoneParking(s)
9.90Acre
EXP Realty of Canada Inc.
D
C$179000
Commercial Sale For Sale
132 Main Street, Canso Ns B0h 1h0
DrivewayParking(s)
14Picture(s)
1,500
Del Mar Realty Inc.
C$249900
Commercial Sale For Sale
132 Main Street, Canso Ns B0h 1h0
DrivewayParking(s)
1,500
Del Mar Realty Inc.
C
C$249900
Land For Sale
2171 208 Highway, Hemford NS B0R 1E0
NoneParking(s)
13Picture(s)
0.99Acre
Holm Realty Limited
C$30000
C$30000
Land For Sale
Pond Road, Lower West Pubnico Ns B0w 2c0
NoneParking(s)
9Picture(s)
4.42Acre
The Real Estate Store
C$32900
Land For Sale
Pond Road, Lower West Pubnico Ns B0w 2c0
NoneParking(s)
4.42Acre
The Real Estate Store
T
C$32900
Residential For Sale
213-2250 Maitland Street, Halifax Ns B3k 2z9
2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
13Picture(s)
715
Keller Williams Select Realty
C$631900
Residential For Sale
213-2250 Maitland Street, Halifax Ns B3k 2z9
2Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
715
Keller Williams Select Realty
O
C$631900
Residential For Sale
213-2250 Maitland Street, Halifax Ns B3k 2z9
Keller Williams Select Realty
2Bedroom(s)
2Bathroom(s)
C$631900
Commercial Sale For Sale
680 Conrod Road, Middle Musquodoboit NS B0N 1X0
SingleParking(s)
46Picture(s)
1,764
Hants Realty Ltd.
C$4000000
Commercial Sale For Sale
680 Conrod Road, Middle Musquodoboit NS B0N 1X0
SingleParking(s)
1,764
Hants Realty Ltd.
O
C$4000000
Commercial Sale For Sale
680 Conrod Road, Middle Musquodoboit NS B0N 1X0
Hants Realty Ltd.
C$4000000
Residential For Sale
205-2250 Maitland Street, Halifax Ns B3k 2z9
3Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
13Picture(s)
890
Keller Williams Select Realty
C$746900
Residential For Sale
205-2250 Maitland Street, Halifax Ns B3k 2z9
3Bedroom(s)
2Bathroom(s)
UndergroundParking(s)
890
Keller Williams Select Realty
O
C$746900
Residential For Sale
205-2250 Maitland Street, Halifax Ns B3k 2z9
Keller Williams Select Realty
3Bedroom(s)
2Bathroom(s)
C$746900
Residential For Sale
2628 Melbourne Road, Pinkneys Point Ns B0w 1b0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
28Picture(s)
2,118
The Real Estate Store
C$259900
Residential For Sale
2628 Melbourne Road, Pinkneys Point Ns B0w 1b0
3Bedroom(s)
2Bathroom(s)
DoubleParking(s)
2,118
The Real Estate Store
C
C$259900
Residential For Sale
2628 Melbourne Road, Pinkneys Point Ns B0w 1b0
The Real Estate Store
3Bedroom(s)
2Bathroom(s)
C$259900
Land For Sale
Lot Acadia Avenue, Stellarton Ns B0k 1s0
NoneParking(s)
4Picture(s)
0.86Acre
Blinkhorn Real Estate Ltd.
C$40000
Land For Sale
Lot Acadia Avenue, Stellarton Ns B0k 1s0
NoneParking(s)
0.86Acre
Blinkhorn Real Estate Ltd.
L
C$40000
Land For Sale
Lot 21-4 Second Division Road, Grosses Coques NS B0W 2J0
DirtParking(s)
5Picture(s)
1.55Acre
PG Direct Realty Ltd.
C$99999
Land For Sale
Lot 21-4 Second Division Road, Grosses Coques NS B0W 2J0
DirtParking(s)
1.55Acre
PG Direct Realty Ltd.
V
C$99999
Land For Sale
Lot 21-4 Second Division Road, Grosses Coques NS B0W 2J0
PG Direct Realty Ltd.
C$99999
Land For Sale
Beaver Dam Crossover Lot 36, Labelle Ns B0t 1e0
NoneParking(s)
14Picture(s)
0.77Acre
EXIT Realty Inter Lake Liverpool
C$16999
Land For Sale
Beaver Dam Crossover Lot 36, Labelle Ns B0t 1e0
NoneParking(s)
0.77Acre
EXIT Realty Inter Lake Liverpool
D
C$16999
Land For Sale
Beaver Dam Crossover Lot 36, Labelle Ns B0t 1e0
EXIT Realty Inter Lake Liverpool
C$16999
Land For Sale
Moshers Island Road, Lahave Ns B0r 1c0
NoneParking(s)
12Picture(s)
27.45Acre
EXIT Realty Inter Lake
C$325000
Land For Sale
Moshers Island Road, Lahave Ns B0r 1c0
NoneParking(s)
27.45Acre
EXIT Realty Inter Lake
A
C$325000
Land For Sale
Gardiner Road, Gardiner Mines NS B1S 1G3
NoneParking(s)
4Picture(s)
1.49Acre
Roger Burns Real Estate Ltd.
C$29500
Land For Sale
Gardiner Road, Gardiner Mines NS B1S 1G3
NoneParking(s)
1.49Acre
Roger Burns Real Estate Ltd.
M
C$29500
Land For Sale
Crandall Road, Sugar Camp NS B9A 1T7
NoneParking(s)
4Picture(s)
0.46Acre
Cape Breton Realty
C$12900
C$12900
Land For Sale
Stewiacke Road LOT 1, South Branch NS B0N 2P0
NoneParking(s)
5Picture(s)
2.03Acre
Royal LePage Atlantic (Enfield)
C$69900
Land For Sale
Stewiacke Road LOT 1, South Branch NS B0N 2P0
NoneParking(s)
2.03Acre
Royal LePage Atlantic (Enfield)
S
C$69900
Land For Sale
Lot 3 Highway 4 Highway, Wentworth NS B0K 1Y0
NoneParking(s)
4Picture(s)
1.76Acre
Press Realty Inc.
C$44900
Land For Sale
Lot 3 Highway 4 Highway, Wentworth NS B0K 1Y0
NoneParking(s)
1.76Acre
Press Realty Inc.
W
C$44900
Residential For Sale
901 Doucetteville Road, Doucetteville Ns B0w 1h0
5Bedroom(s)
2Bathroom(s)
DoubleParking(s)
50Picture(s)
2,010
RE/MAX Banner Real Estate
C$0
Residential For Sale
901 Doucetteville Road, Doucetteville Ns B0w 1h0
5Bedroom(s)
2Bathroom(s)
DoubleParking(s)
2,010
RE/MAX Banner Real Estate
W
C$0
Residential For Sale
901 Doucetteville Road, Doucetteville Ns B0w 1h0
RE/MAX Banner Real Estate
5Bedroom(s)
2Bathroom(s)
C$0
Land For Sale
Lot 2 West Bay Road, Roberta NS B0E 2K0
NoneParking(s)
22Picture(s)
2.38Acre
Cape Breton Realty
C$67000
C$67000
Land For Sale
Lot 5 Bastion Avenue, Louisbourg Highway Ns B1c 0a1
NoneParking(s)
16Picture(s)
0.99Acre
Viewpoint Realty Services Inc. (Sydney)
C$69999
Land For Sale
Lot 5 Bastion Avenue, Louisbourg Highway Ns B1c 0a1
NoneParking(s)
0.99Acre
Viewpoint Realty Services Inc. (Sydney)
L
C$69999
Land For Sale
Lot 5 Bastion Avenue, Louisbourg Highway Ns B1c 0a1
Viewpoint Realty Services Inc. (Sydney)
C$69999
Land For Sale
Cabot Trail, Chéticamp NS B0E 1H0
NoneParking(s)
6Picture(s)
3Acre
Cape Breton Realty (Port Hawkesbury)
C$44900
Land For Sale
Cabot Trail, Chéticamp NS B0E 1H0
NoneParking(s)
3Acre
Cape Breton Realty (Port Hawkesbury)
T
C$44900
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
