The Halifax real estate market is currently favouring sellers due to lower inventory levels than have been seen in previous years. Even prior to COVID-19, the market was expected to sit in seller’s territory thanks to low housing supply, coupled with with strong buyer demand. Combined, these factors have created the current seller’s market experienced across the region. The top concerns for buyers in Halifax are low housing supply and affordability.
For those who are in the market, what are the best neighbourhoods in Halifax to buy a home? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks in Halifax.
10 Most Liveable Neighbourhoods in Halifax
Westwood & the Pubs
Some other highly liveable Halifax neighbourhoods include North End Halifax, Downtown Dartmouth and Clayton Park. Each of these neighbourhoods are ideal for buyers looking for proximity to work, walkability, and proximity to retail.
Halifax’s Future Liveability
Overall liveability is expected to improve in Halifax in the next three to five years. Immigration-fuelled economic and population growth is leading to new construction in the region. Development is strong, with appealing new subdivisions and the revitalization of mature neighbourhoods.
Halifax at a Glance
The provincial capital of Nova Scotia, Halifax is considered a major economic centre in the Atlantic region of Canada. Full of Maritime history, this eastern port is a cultural hub for Atlantic Canada, boasting a large concentration of government and public services. The urban core features a downtown that surrounds the Halifax Harbour, with more rural areas spanning to the east, west and north of the city.
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
We know that Canadian’s truly celebrate the liveability factors of their neighbourhood – the qualities that give homeowners the true satisfaction of their home within the context of a neighbourhood. In fact a Leger survey conducted by RE/MAX revealed that 89% of Canadians recommend their neighbourhoods to others. Unlike your home, neighbourhoods cannot be changed, so it is important to assess what qualities are important to you before you purchase. Luckily, when it comes to Halifax, there is a lot of celebrate in terms of liveability.
A survey of RE/MAX Brokers revealed that the best places to live in Halifax are Downtown Dartmouth, North End Halifax and Clayton Park, ranking as the top three neighbourhoods in Halifax for access to green spaces and parks, walkability, retail and restaurants and the ease of getting around/public transit.
In the same Leger survey, six-in-10 Canadians put easy access to shopping, dining and green spaces at the top of their liveability criteria. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations. So how does Halifax stack up?
If you are searching for the best place to live in Halifax, you should know that Haligonians are flocking to Downtown Dartmouth, which was ranked as the top hidden gem neighbourhood, for its unique amenities like access to ferry transportation and a multi-sport stadium.
Lydia McNutt is an award-winning journalist and editor, with almost two decades of experience in the real estate sector. At RE/MAX, Lydia is responsible for developing consumer-facing content while promoting the RE/MAX brand. This includes housing market reports and RE/MAX network news featured on the RE/MAX Canada blog and social media channels. Lydia has been published nationally on topics ranging from real estate, architecture, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is busy “momming” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at firstname.lastname@example.org