The worth of properties throughout Nova Scotia has damaged the $200-billion mark for the primary time.
The Property Valuation Companies Company (PVSC) says property values throughout the province have climbed to a file $206.3 billion, up eight per cent from final yr’s $190.5 billion.
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Residential properties are up eight per cent to $125.6 billion whereas industrial properties are up about six per cent to $32.2 billion.
Properties in and round Halifax are driving the expansion, with properties within the municipality now price $113.8 billion, greater than half the provincial whole.
PVSC says condos, flats and duplexes are seeing robust development with building increasing exterior Halifax.
It says industrial land values within the metropolis are up considerably, particularly in areas just like the increasing Burnside Industrial Park in Dartmouth.
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