In 2025, the average home price in Halifax reached approximately $511,700, representing a 1.7% year-over-year increase, demonstrating continued market stability despite slower sales activity.

The condominium market also showed resilience, posting modest gains as affordability compared to larger cities continued attracting buyers.

2025 Residential Property Performance

Detached Homes

• Annual Average: Median detached home prices averaged approximately $585,300–$597,900, rising 3–4% year-over-year.

• Market Trend: Demand remained strong due to population growth and continued migration to Atlantic Canada.

• Market Leader: Peninsula Halifax and established suburban communities remained the most expensive locations.

Condominiums

• Annual Average: Approximately $391,700–$403,800.

• Year-Over-Year Change: Condo prices showed mixed performance but generally stabilized by year-end.

• Market Trend: Condos remained attractive to downsizers and first-time buyers.

Attached Homes (Townhomes/Semis)

• Average Price: Attached housing continued gaining popularity as buyers sought more affordable alternatives to detached homes.

• Demand Trend: Strong immigration and limited housing supply supported steady price levels.

Market Dynamics & Forecasts

• Overall Market: Halifax maintained stable pricing throughout 2025 despite slightly softer activity levels compared to the previous year.

• Inventory: Inventory increased gradually but market conditions continued to lean slightly toward sellers.

• Neighborhood Hotspots: High-demand areas included Halifax Peninsula, Bedford and Dartmouth waterfront communities. More affordable housing options were generally located in outer suburban areas.

• 2026 Outlook: Forecasts by the Nova Scotia Real Estate Commission call for modest continued price growth, supported by steady demand and improving borrowing conditions.