Halifax Real Estate Podcast

Renting Vs Owning: Home equity or maintenance free? Unexpected costs or fixed monthly payments? Own your home, or fixed term leases? Matt Shallo & Matt Legatto are mortgage brokers with Mortgage Alliance in Halifax, and they're here today to discuss the pros and cons of both home ownership and renting! Enjoy! https://www.zumper.com/rent-research/halifax-ns https://www.dal.ca/campus_life/reside...

Hey guys! The market stats for Halifax for the month of January 2024 just came out today, and they make an interesting read! Average Sales Price: $585,945.00 which is actually a $51,458.00 increase from the average sales price in December which was $534,487.00. The months of inventory stayed the same as December at 2 months. Halifax received 411 new listings which is up from the 159 new listings i...

Will the Halifax real estate market crash? Has it already crashed? Have buyers been overpaying for houses over the last 3 years to create a housing bubble that could pop at any moment? Richard Payne is back on the Halifax Real Estate Podcast with me to break down why Halifax's bubble may have already popped, why Halifax prices may have already bottomed out, and why their may not have been a bubble...

Are interest rates coming down in Canada in 2024!?! That's what Canada's economists and major banks are predicting. Andrew Hutchison, from Mortgage Architects, is back on the Halifax Real Estate Podcast to break down CIBC's predictions on interest rate decreases for 2024. We also break down the impact these potential rate decreases will have on home buyers, the overall real estate market, purchasi...

Welcome back to the Halifax Real Estate Podcast and happy new year to you all! Richard Payne and I are back on the podcast for our annual market review. Richard and I break down our experiences navigating Halifax's real estate market in 2023. Starting off the year hot with multiple offers on homes and rising house prices, to an injection of interest rate hikes from the bank of Canada, to the retur...

Today's guest is Danielle MacLean, the owner of DCL Law in Halifax, and was selected for inclusion in Best Lawyers Canada for her work in real estate law in 2023. today we are discussing the foreign buyer ban that Canada implemented on January 1st 2023. We will be discussing what qualifies someone as a foreign buyer, the ins and outs of how the process works, and the impact its had on the real est...

In part 2 of today's podcast, I sit down with Ammanuel Shiferaw, or as he prefers to be called, Manny! Manny actually asked to come back on the Halifax Real Estate Podcast before part 1 came out because Manny and his investor partners purchased their first apartment building outside of Canada in Cleveland Ohio. Today we're breaking down Manny's experience investing outside of Canada for the first...

In part 1 of today's podcast, I sit down with Ammanuel Shiferaw, or as he prefers to be called, Manny! Manny was a full time nurse and realized 1 month into his position that his career path wasn't going to help him accomplish his financial goals and started taking steps to become a real estate investor. Manny purchased his first duplex in February 2020, and scaling up to owning 107 doors total in...

Today's guest is Jacob Geronimo, a real estate investor in Truro Nova Scotia. Jacob was a fulltime nurse in 2017 when he realized that his yearly salary wasn't going to help him accomplish his and his family's financial goals. Starting with Rich Dad, Poor Dad, Jacob bought his first investment property later that year and discovered the B.R.R.R.R. method. Over the last few years, he's grown his po...

Avery Birch is BACK on the Halifax Real Estate Podcast to discuss the new short term rental bylaws that passed in Halifax at the end of February 2023. Avery is the founder & CEO of Experience 365inc, which operates over 100 Airbnbs in Halifax Regional Municipality. Avery's here to discuss and breakdown the impacts these new bylaws will have on those operating short term rentals in the Halifax...

Welcome back to the Halifax Real Estate Podcast! Today's guest is Rylee Booroff, manager of the outreach team for Adsum Women & Children. Rylee helps those are who displaced and unhoused find short term, mid term and long term homes for families. And today we're here to have a better understanding of Halifax's housing crisis and those who are impacted by Halifax's lowest vacancy rate, and an e...

Welcome back to the Halifax Real Estate Podcast! Today Andrew Hutchison from Mortgage Architects is BACK to break down all things mortgage rates. Starting with the bank of Canada's statement at the end of 2021 when they said they wouldn't be looking to increase interest rates until the end of 2023! We all know how that played out!! Also breaking down mortgage penalties, buyer's remorse, variable r...

We are BACK with the annual 2022 Halifax real estate market review with Richard Payne. We break down what it was like at the peak of the Halifax real estate market in the first quarter of 2022. When the average sales price grew to be more than $600,000 in Halifax, and when any single family dwelling was receiving over 30 offers to purchase that home. The impact inflation and rising interest rates...

After over a year from a new episode, sorry about that, we are BACK with new content and a message to our audience.

In our 34th episode I sit down with Nick Davis, a mortgage broker at Premiere Mortgage, to break down the Smith maneuver. The Smith Maneuver is used to make the interest payments on your mortgage tax deductible through different means. Please welcome Nick Davis! What you'll learn in this episode. 1.) What is the Smith Maneuver and how it works. 2.) The benefits of making for mortgage interest tax...

In our 33rd episode I sit down with Kevin Riles, the owner of KWR Approvals Inc, a company that specializes in land development. KWR Approvals recently completed the Macintosh development in Herring cove, Nova Scotia. Kevin and I are breaking down the step by step process of developing a single lot for a home build, or an entire subdivision. Please welcome, Kevin Riles! What you'll learn in this e...

In our 32nd episode, I sit down with my close friend, Chris Johnson. He is a first time home buyer who wants a better understanding of the home buying process, whats happening in the Halifax real estate market. What you'll learn in this episode: 1. How getting approved for financing on a mortgage works. 2. What Halifax's Real Estate market looks like today 3. How the home buying process works from...

On October 20th 2021, Nova Scotia Premiere Tim Houston extended the rent cap until December 31st 2023. Mark Kennedy, a property manager from Eastbrook Property Management, and I break down the impact this announcement has on tenants and landlords in Nova Scotia. What you'll learn in this episode. 1.) What the rent cap means for landlords trying to increase the rent of their existing tenants, and t...

In our 30th episode, Once again I sit down with Ian Armour, owner and operator of Refined Roofing. Ian Armour is back on the podcast to explain how a roof is supposed to function, the core assets of a roof, how to tell your roof is reaching the end of it's lifespan and so much more. In our 30th episode we welcome back Ian Armour, owner and operator of Refined Roofing. Since opening in 2012, Ian an...

In our 29th episode I sit down with Virginia Ward, owner and operator of Virginia Ann Interiors and one of Bower's Home Constructions home designers. Virginia was a full time teacher, but made the move into interior design in 2017 when she started Virginia Ann Interiors. Please welcome, Virginia Ward! What you'll learn in my conversation with Virginia. 1.) How home buyers are now moving from an op...

In our 28th episode I sit down with Yohan Peiris, owner and operate of Renewly Solar. A company in Halifax whose mission is to help homeowners make the transition from fossil fuels to solar energy for their homes. Please welcome Yohan Peiris! What you'll learn in my conversation with Yohan. 1.) How much it costs to get solar panels hooked up onto your home so you're producing your own power. 2.) T...

In this meetup I sit down with guest speakers Andrew Stephens from The Stephens Team at EXIT Metro Realty, and Andrew Murray from the Leaman Murray Group at Keller Williams Select Realty in Halifax to break down all things MULTI UNITS! What you'll learn in this episode. 1.) The criteria a real estate investor may use to determine whether or not a multi unit is a good purchase. This criteria can ra...

Richard Payne is back on the Halifax Real Estate Podcast to break down the everyday life of a Realtor. From helping our clients in the current market, what our day to day jobs actually entail, the stigmas of our industry, work life balance and so much more. Please welcome back Richard Payne! Richard Payne is has been a licensed Realtor in Halifax since 2012, founding and establishing his Halifax H...

Today's episode is all about the incredible work Habitat for Humanity Nova Scotia does to provide affordable housing to those in need in our city and province. We sit down with chair of the board of directors, Kevin Riles, to discuss how Habitat acquires the lots they build houses on, what the application process looks like for those in need of housing, how a non profit organization like Habitat r...

In this meetup I sit down with guest speakers Richard Payne from Halifax Homes & Lifestyles at eXp Realty, and with Rob Scanlan at Royal LePage Atlantic in Halifax to break down all things competing offers in a hot real estate market! What you'll learn in this episode. - How to write the most competitive offer to win the deal when you're competing against multiple others for a house. - Bully offer...