When I speak with people everyone is so happy that their Real Estate value is going up throughout Halifax and Nova Scotia at large. Because their homes are worth more, right? Real Estate prices in Nova Scotia were up an average of 4.2% in 2009. But the flip side of that is the property assessments are going up too. Assessments were up an average of 6% in 2009. So why 6% if prices were only up 4.2%?
That's a good question!
Click on the thumbnail above to read the very short article on assessments.
Mike Smith is a Realtor in Halifax, Nova Scotia
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