Selling new homes in Halifax Regional Municipality is about to get more difficult. All of us real estate professinals know how difficult it is with the present market conditions. New home constuction is down 18% due to the recent changes to mortgage availabilty. Now HRM has made this announcement
In September, Halifax Regional Council recommended new fees for builders of $2,000 for each new
home and condo and $1,600 for each apartment unit. Council also recommended an increase $0.90 per
square meter for non-residential uses. Together, these increases would generate approximately $3.5
million in capital funds per year.
Builders and developers are stuggling as it is.Resale home inventory has risen with more competition for fewer buyers. Many jobs rely directly on new home construction. I appeal to those of you in HRM to contact your local member of HRM to make them aware that commonsense dictates this is not the time for them to do this. If enough of us make our concerns known we may be able to convince them to not do this. We all know if HRM does this all municipal governments will follow suit. We do not need this deterant to economic growth in HRM or through out the province at this time. This is my opinion only but I felt compelled to voice it and recommend you do the same.
Just another frustrated member of the 99%
Larry
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