October’s issue of The Current
As the leaves begin to change and a crisp chill fills the air, we are ready to welcome the enchanting month of October with open arms. In this month's newsletter we will look back at September in Nova Scotia and cover what's current with Sotheby's International Realty Canada.
Keep reading to see what this fall brings for us and I wish you a cozy and vibrant October ahead!
Today’s value of homes bought during the pandemic
During the pandemic, the tight inventory markets across Canada experienced was offset by interest rates at all-time lows, which made for more activity and demand. Over that time, sellers and their agents enjoyed higher sales and commissions.
Today, it’s a very different story. Since March 2022, interest rates have soared to 10 times what they were, with home prices slightly shifting.
So, what are these homes bought during the pandemic worth now? Zoocasa looked into this very question by comparing CREA’s August 2020, 2021, and 2022 prices to 2023 national and major city home prices, along with interest rate fluctuations at each period.
Where to pick apples in Nova Scotia
The time has come once again to embrace autumn in Nova Scotia. One of our favourite fall past times getting outside, enjoying the last bits of warmth and apple picking. Luckily there is no shortage of orchards where you can spend the day. Learn more
To read October’s Newsletter in its entirety, please click the below link.