By Sherry MacLeod Managing Broker of Cape Breton Realty As we reflect on the housing market of 2023, across the country, it is evident that the year was defined by unpredictability, with a surge in sales and a decline in listings and prices compared to the previous year. Looking ahead to 2024, the Canadian Real Estate Association (CREA) anticipates sustained market activity in the first quarter and into the spring, driven by factors such as interest rates, increased demand, and limited inventory. The housing market’s unpredictability in 2023 serves as a backdrop to the persisting housing crisis in Canada, characterized by severe inventory shortages and affordability challenges. This crisis demands immediate attention and action from all levels of government. The high demand for housing, expected to grow with increasing immigration, coupled with limited inventory, underlines the urgent need for collaborative measures and policies to foster a more affordable and accessible housing market for all Canadians. In order to address the housing shortage, it is crucial for governments to acknowledge and act upon the pressing need for increased housing supply in every city, town, and neighborhood across the country. This necessitates visionary thinking and solutions, which may include reforming municipal zoning

By Sherry MacLeod Managing Broker of Cape Breton Realty This week, as we received our property assessments, my inbox and answering machine has been flooded with concerned friends and clients who have been with me for the past 30 years or so. I completely understand their concerns as property assessment notices arrive, especially when there are significant increases in property values, sometimes ranging from 41 to 55 percent. To provide clarity on this matter, let me explain how property values have changed in the past 2-3 years, as presented in the graph below. We will specifically focus on the Highland and Cape Breton regions and explore how property assessments work in Nova Scotia. To understand how property assessments in Nova Scotia are determined, it is important to shed light on the major increases in assessments this year. Assessments are conducted periodically using a standardized process that takes into account various factors, such as area market trends, sale prices, and property use. The graph highlights the percentage increases in average sale prices in the Highland region, which includes Antigonish, Guysborough, Richmond, and Inverness Counties. These figures reflect the trends and changes observed in property values over the past two or three

By Sherry MacLeod Managing Broker of Cape Breton Realty As winter envelopes Cape Breton in its serene beauty, the real estate market adapts to the distinctive challenges and opportunities this season brings. Whether you’re a prospective buyer, a seller strategizing for a successful transaction, or overseeing vacant homes, navigating the winter market requires a thoughtful approach. Here’s a comprehensive guide to ensure a smooth real estate journey during the chilly months. For buyers, exploring potential homes during winter provides valuable insights into how properties handle snow, ice, and chilly temperatures. Strategic property visits during daylight hours offer a clearer view of the home and surroundings, checking road and driveway accessibility in unpredictable weather conditions. Considering winter inspections can uncover issues not apparent in other seasons, helping identify potential winter-related problems such as insulation or heating system efficiency. Paying close attention to heating systems, evaluating the age and condition of furnaces, fireplaces, and insulation, ensures a well-heated home for comfort during the colder months. Leveraging the season’s advantage, motivated sellers may be inclined to close deals before harsh weather sets in, prompting buyers to negotiate wisely, considering the unique circumstances of the season. For sellers and caretakers of vacant homes, maintaining

By Sherry MacLeod Managing Broker of Cape Breton Realty Cape Breton Realty is thrilled to announce the availability of Cameron Island, a breathtaking paradise located off Marble Mountain in the Bras D’Or Lakes of Canada. This remarkable property spans over 80 acres, boasting an impressive 3 miles of pristine waterfront, stunning sand beaches, crystal clear water that will captivate any nature lover or adventure seeker and has a fully equipped cottage. Nestled within this idyllic island is a government-owned lighthouse, perched at the end of a picturesque point, offering a touch of history and charm to the landscape. The remaining 80 plus acres are now exclusively available for sale, providing a unique opportunity for individuals seeking a private sanctuary or developers with a vision for an extraordinary project. Adding to the allure of Cameron Island is a cozy two-bedroom home that harmoniously blends modern conveniences with off-grid living. Equipped with essential amenities such as a dishwasher, washer, dryer, and more, this cottage operates independently with solar panels and batteries, complemented by a backup generator for uninterrupted comfort and convenience. Cameron Island goes above and beyond by offering high-speed internet access through Starlink, enabling residents to stay connected while enjoying the