Home renovates with custom home renovations
The home remodeling business is booming and the home renovation industry in Halifax is booming, with more than $3 million in sales and a record-breaking year.
Houses are being renovated to make them more welcoming to people of all backgrounds and sizes.
The Halifax International Residential Association said the market is expected to grow by 10 per cent next year.
That would be about the same rate as the market in the rest of the province.
The Association has the Halifax Home Rebuilders Association as its parent, which has grown from just over 10 members to more than 300 since the start of 2017.
The association has had a major role in helping Nova Scotians move into the new homes they’re renovating, said Mark Pasternak, the association’s president and CEO.
It’s not just a matter of moving people in, he said.
It’s about being able to offer the homes they buy with the right level of service, and also offer the amenities and services that the community wants.
Pasternak said there are a lot of people who are in the market looking for homes.
The problem is they’re not necessarily looking for a home that’s going to be a home for them.
“The average house price in the country is about $100,000,” he said, so it makes sense that a lot more people are moving into Halifax than they are in other parts of the country.
Halifax is also home to a growing number of new condos and apartment buildings.
The city has more than 5,000 apartment units on the market, which is nearly double the number of units built in 2016.
But some of the new developments have drawn some of Halifax’s biggest names in the industry.
Hedge fund manager Jefferies says it was easy to make a name for himself in the Halifax home renovation market, because of his connections to the city.
He said the new owners are also his friends, and he’s excited to have a job in the home improvement business.
“I love my job and I love my clients and I’m excited to be able to help them get their homes built,” he told CBC News.
Jefferies says he’s also excited to make money off the renovations.
“It’s a way to expand my portfolio, so I can put more money into the community,” he added.
He says that the people he’s worked with over the years have been very professional and have been extremely helpful.
But he said he was impressed with the people who were doing the work.
“I really think the people that are doing this are amazing,” he explained.
“It’s an industry that is in need of some more people to help it grow.”