Data from Statistics Canada — New Housing Market Report, 2025
Experimental estimates | Released June 17, 2026 | Catalogue no. 62F0014M
Halifax Market Commentary
Halifax Bucks the National Trend: New-Home Prices Climb While the Country Cools
Statistics Canada’s latest figures show new single-detached prices in Halifax rising steadily through 2025, even as new-home starts fell and inventory built up across much of the country.
Executive Summary
- The average new single-detached home in Halifax reached $792,500 in Q4 2025 — up roughly 6% across the year and second only to British Columbia’s metros among cities surveyed.
- New semi-detached ($645,700) and condominium ($641,000) prices held essentially flat through 2025.
- Atlantic Canada ran counter to the nation: regional new-home starts rose 10% year over year, while national starts fell 10%.
- Completed-and-unabsorbed inventory in Halifax edged up to 106 units (+16%) — modest in absolute terms, but a signal of a slightly softer absorption pace into 2026.
Where New-Home Prices Landed
The fourth-quarter 2025 averages tell a clear story of a market led by detached product. The spread between a new single-detached home and a new condominium apartment now sits at roughly $151,500 — a meaningful premium for ground-oriented housing.
Average New-Home Price by Type — Halifax, Q4 2025
New row-house data was not available for Halifax in this period. Source: Statistics Canada, New Housing Market Report.
The Year in Motion
Single-detached pricing climbed in three of four quarters to finish the year at its high. Semi-detached and condominium pricing, by contrast, traced a flat line — ending 2025 within a percentage point of where they began.
New Single-Detached Average — Halifax, by Quarter 2025
| Dwelling Type | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| Single-detached | $746,600 | $784,600 | $780,900 | $792,500 |
| Semi-detached | $640,800 | $631,500 | $631,000 | $645,700 |
| Condominium apartment | $634,000 | $638,500 | $630,900 | $641,000 |
Average list prices, Halifax CMA. Source: Statistics Canada, New Housing Market Report, 2025.
A Region Moving Against the Grain
The national picture in 2025 was one of cooling: for-sale housing starts fell 10% year over year, and the inventory of completed, unsold units rose 35%. Atlantic Canada told a different story. Regional new-home starts climbed 10%, with every census metropolitan area posting gains except Moncton (down 8%). Single-detached homes accounted for two-thirds of all new for-sale starts in the region.
For Halifax buyers, the entry point into new single-detached construction spans a wide band — from $383,000 to $655,000 — the broadest entry-level range in Atlantic Canada, reflecting a more varied pipeline of new product than neighbouring markets.
Completed & Unabsorbed Inventory — Halifax, Dec 2025
106 units
Up 16% year over year — modest in scale, but worth watching into 2026
A Note on the Numbers
These figures are average list prices, not a constant-quality price index. Quarter-to-quarter changes reflect whatever mix of homes happened to be on the market — size, composition, and quality are not held constant — so Statistics Canada advises caution when comparing periods directly. Halifax’s survey coverage was strong, with a 91% collection rate on the confirmed builder and developer frame.
What It Means for Halifax
The divergence is the headline. While much of the country saw new-home demand soften, Halifax’s detached market continued to firm. That resilience speaks to the structural demand story that has defined this market for several years now — steady in-migration, a constrained supply of ground-oriented housing, and a buyer base that continues to value detached living.
The flat trajectory in new condominium and semi-detached pricing is equally telling: it points to a market where attached and multi-unit product is keeping closer pace with supply, even as detached homes command a widening premium. For sellers of existing detached homes, that new-construction premium is a useful reference point. For buyers, the rising inventory of unsold new units is the first signal in some time that a little more choice may be returning to the market.
Considering a move in today’s Halifax market?
Let’s talk about what these numbers mean for your property specifically — backed by data, not guesswork.
Contact Sandra PikeAuthored by Sandra Pike, REALTOR® | The Pike Group, Royal LePage Atlantic
One of Halifax’s Top Resale Listing Agents Since 2016 | Data-Driven Market Insights and Real Estate Commentary
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