Featured Listings in Cape Breton

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Search for Real Estate in Sydney and Other Parts of Cape Breton, Nova Scotia

To find homes for sale in Sydney or anywhere else in Cape Breton, Nova Scotia, use the simple search tool on the right and select Cape Breton as your area.  To further refine your search, select the appropriate district where you would like to find real estate.  Houses for sale in Cape Breton all fall under one of these districts:

  • Sydney
  • Sydney River/Coxheath
  • Glace Bay
  • New Waterford
  • North Sydney
  • Louisbourg
  • Victoria County/Baddeck

 

Why Buy Cape Breton Real Estate?

Cape Breton is the Most Affordable Housing Market in Canada!

The Nova Scotia Association of REALTORS® announced in April that Cape Breton has received a Demographia International Affordable Housing Market Award.  According to the Fifth Annual Demographia International Housing Affordability Survey, Cape Breton ranked number one of 10 cities found to have affordable housing out of 34 Canadian Markets.  Cape Breton also ranked the fifth most affordable housing market internationally.

The Nova Scotia Association of REALTORS® received a certificate from the Frontier Centre for Public Policy, Demographia’s Canadian Partners, that recognizes Cape Breton as an affordable metropolitan housing market where the Median Multiple for housing affordability is 3.0 or less.  This means that the median house price is not more than three times the median household income. Cape Breton stands out as a model for others for having achieved a Median Multiple of 2.1. 

This is certainly an achievement. “Affordable housing is not about low housing prices – it’s about prices that are well suited to the economic climate in that area”, says Linda Smardon, President of the Nova Scotia Association of REALTORS®. “Affordable housing means that more people can aspire to home ownership in Cape Breton, and home ownership contributes to community responsibility; civic, economic, business and employment stability; family security and well being.”

REALTORS® believe that all Nova Scotians have the right to safe and affordable housing near where they work, shop and play. These objectives should be met through market-driven approaches that foster a wide range of urban, suburban and rural housing choices at all price levels.

Housing affordability is coming to be recognized as a driver of internal migration on a very large scale in Canada, the United States, and internationally.  Based on historical trends, a Median Multiple of 3.0 or below is judged to be “affordable”.  However, it is an unfortunate fact that some markets are now approaching Median Multiples of 9.0, or three times the traditional level.  As an example, Vancouver has a median multiple of 8.4.  Not only does this indicate that houses are over four times less affordable compared to income than frontrunner Cape Breton, but mortgage servicing costs are also much greater.

The 10 metropolitan markets with a Median Multiple of less than 3.0: