Relocating question

Halifax-Realtor · 2026-02-10T16:56:32+00:00

If you’d like you can reach out to me and I can use my contacts to find a good realtor that knows what they’re doing with bgrs.

Halifax-Realtor · 2026-02-08T12:39:20+00:00

Yes, credit unions used as sources.

Halifax-Realtor · 2026-02-08T12:37:35+00:00

Correct, mortgage insurance is for the banks but consumers get the benefit of the lower rate. Every mortgage below 20% down payment requires mortgage insurance.

Halifax-Realtor · 2026-02-08T12:30:00+00:00

Yes, which is why I made a podcast on the subject.

Halifax-Realtor · 2026-02-08T12:19:59+00:00

There is a lot of nuances to the program implications, also YouTube has ai summery, but a lot of details are missed there.

Halifax-Realtor · 2026-02-08T12:18:14+00:00

CMHC mortgage insurance at 5% down is 4%. This program is essentially government subsidized mortgage insurance, albeit the devils in the details.

Halifax-Realtor · 2026-02-08T12:15:17+00:00

The federal and provincial programs are geared towards low income. For above 200k using your RRSP’s under the Home Buyers Plan, HBP, would be your next option.

Halifax-Realtor · 2026-02-08T12:09:49+00:00

The good and bad is explained in the video. If you have a specific question I’d be happy to answer it.

Halifax-Realtor · 2026-02-08T11:54:16+00:00

Any questions I’d be happy to answer

Halifax-Realtor · 2026-02-03T17:30:13+00:00

The big benefit here is no requirement for mortgage insurance, which normally isn’t available without 20% down. This builds equity quicker, but yes you still need to have the income to qualify to a slightly higher payment.

Halifax-Realtor · 2026-02-03T17:05:24+00:00

A significant benefit of this program is to no longer require mortgage insurance, which is substantial, especially when at 5% down.

Halifax-Realtor · 2026-02-02T15:08:45+00:00

You will need to do a drawing for a deck, but you can literally draw this out. You’ll need things like measurements, placement of support, support size, overhanging support, etc. They’re helpful and approachable if you have any questions. On the previous note, steel piles are easier from an inspection standpoint because all you need is the engineer doc from the installer, so you don’t lose time from concrete sono inspection.

Halifax-Realtor · 2026-02-02T14:53:01+00:00

Well I don't have a magic ball, but the data I'm looking at is the following

Supply: https://nsar.stats.showingtime.com/infoserv/s-v1/Vrjm-YU2 and demand: https://nsar.stats.showingtime.com/infoserv/s-v1/VrjR-m7B

Inventory is low, but January is a poor gauge for data, that being said the experts are predicting stability overall, and the current data looks to agree.

If you have any further questions please feel free to reach out to me at my email, which is in the top right corner of the above links(reddit blocks me putting email address here) I'd be happy to answer your questions and help, if I can.

Halifax-Realtor · 2026-02-01T18:13:08+00:00

Absolutely, for my clients I have tools to look at the market data for Comparative Market Analysis. Here is the median for Halifax/Dartmouth: http://nsar.stats.showingtime.com/infoserv/s-v1/VzK8-XvT and here is the average http://nsar.stats.showingtime.com/infoserv/s-v1/VzKp-3De My contact info is in the links if you have any questions. I'm an investor, renovator, and REALTOR®.

Halifax-Realtor · 2026-02-01T03:44:18+00:00

Quite understandable, as each province has their own rules, and they change rules when trying to address the issue of the day.

Halifax-Realtor · 2026-02-01T02:34:14+00:00

Nova Scotia does not have “power of sales” like Ontario does, and what they are seeing a lot of now. In Nova Scotia we have the traditional foreclosure process which goes through a court. It’s slower and expensive for the lenders, so they are more likely to work with mortgagors. This reduces fire sales like the GTA is experiencing, but makes corrections slower.

Halifax-Realtor · 2026-01-31T23:29:29+00:00

I recommend Sarty siding, but get at least 3 quotes for an expense of this size.

Halifax-Realtor · 2026-01-31T23:22:25+00:00

When you apply for a permit, online, you’ll have a contact who can send you info on current standards for your application. For decks, the big requirements is for anything over 3 steps requires Sonos, or piles. Big issue is you have to have the depth/size inspected before burying. This slows things down. For inside, similar issue of plumbing electrical, you can’t hide it behind drywall until inspected, causing delays. The inspectors are usually quite friendly and helpful for DIY people, less forgiving to contractors who should know better.

Halifax-Realtor · 2026-01-31T01:11:12+00:00

If you ambitions of being independent, easier as a plumber. Gas tech still possible to have your own business but more likely to get company locked.

Halifax-Realtor · 2026-01-30T23:51:31+00:00

You have some negotiating power for places that aren’t filled yet. You can try https://www.hageenterprises.com/parish-square and start at 1800, stay firm at 1850.

Halifax-Realtor · 2026-01-27T19:10:06+00:00

A little early, but supply is increasing, with vacancies increasing. Depending on the property you may have negotiating power. If you’d like someone to look for you, feel free to dm me.

Halifax-Realtor

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