After a year of global volatility, the Nova Scotia real estate market has once again proven its resilience. While housing markets in Ontario and British Columbia continue to feel the effects of economic uncertainty and Trump tariffs, Halifax and the broader Nova Scotia market have benefited from a diverse, stable economy supported by technology, universities, the military, and tourism.
The story of 2025? Measured growth, stable pricing trends, and a market that continues to favour sellers — while still offering opportunities for buyers.
🏡 Halifax & Nova Scotia Single-Family Home Market — 2025 Price Trends
By the end of 2025, the average price of a single-family home in Nova Scotia reached $635,361, a 4.8% increase year-over-year. As usual, prices peaked in the spring at $654,454 due to seasonal demand and higher buyer activity.
If we see another 5% increase in 2026, average prices could land around $661,500 — and I wouldn’t be surprised if we brushed $700,000 by June.
The good news for buyers is that inventory has improved compared to previous years. There is more selection in the market, although lower-priced homes remain competitive. Roughly 50% of all home sales occur between $400,000 and $600,000, reflecting where most household budgets fall.
If you’re planning to upgrade in 2026, this creates a strategic opportunity:
Sell in a competitive lower-price bracket
Maximize equity
Move into a higher price range with more negotiating power and selection
Sales volume remained steady, while new listings increased by 8%. Even so, we’re still sitting at 2.5 months of inventory — below the 3–6 month threshold of a balanced market. With conditions still favouring sellers, homes received an average of 99% of list price as values continued to climb.
🏢 Halifax Condo Market Update — Rising Inventory & Softer Demand
Condos told a different story in 2025.
Although cranes across the city may suggest a flood of new condominium supply, most of these developments are purpose-built rental buildings, not condos for purchase.
Even so:
Condo listings increased by 6%
Condo sales declined by 9%
Average condo prices dipped slightly to $483,000
Government policy has played a major role in this shift.
With both a foreign buyer ban and Nova Scotia’s non-resident deed transfer tax, out-of-province buyers who do not move here full-time face a 10% tax — a policy that has significantly reduced investor demand. Seasonal and rental investment buyers have largely stepped back from the condo market.
At the same time, a surge in new rental inventory means parents are less likely to purchase condos for university students.
Condos are still selling — but pricing must closely align with current market conditions.
📉 Interest Rates, Market Stability & Halifax Real Estate Outlook for 2026
Interest rates have stabilized and are likely at — or very near — their lowest levels in the current cycle. As stability returns, many buyers who have been waiting on the sidelines are beginning to re-enter the market.
Stable interest rates create:
Predictability
Consumer confidence
Stronger buying activity
I expect a busy Spring 2026 real estate market in Halifax, peaking in May and June as usual.
If you’re buying, it may be wise to avoid peak months where possible.
If you’re selling, timing your listing strategically can help you maximize exposure and value.
Looking ahead, Nova Scotia remains well-positioned thanks to:
A diverse, resilient economy
Defense spending initiatives
Strong tourism demand
Continued in-migration
If you’re waiting for prices to drop, I don’t believe that will happen. Expect moderate growth in 2026, with a market that still slightly favours sellers — but continues to offer smart opportunities for well-prepared buyers.
💬 Have questions about the Halifax or Nova Scotia real estate market?
Leave a comment below — or reach out any time. I’d be happy to walk you through your options and help you make the most of your next move.
Written by,
Chris Perkins, Broker/Owner
Coldwell Banker Maritime Realty
902 210 1223
chrisperkins@cbmaritime.ca
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