Stats from the Nova Scotia Association of REALTORS® (NSAR)
Halifax Regional Municipality
Condominium Market Report
Condominium Market Report
All Districts & Sub-Districts | February 2026
Executive Summary
The Halifax Regional Municipality condominium market recorded 53 closed sales in February 2026 across 16 districts, generating an average sale price of $540,704 and a median of $439,900. The market operates decisively in favour of buyers: 81.1% of units sold below asking price, with an average discount of $14,152. Only 9.4% of sales achieved premiums above list.
Halifax South (District 2) dominates both volume and price, contributing 30% of all sales at an average of $762,869 — driven by premium waterfront and urban core product. The median days on market of 16 days signals active buyer engagement for well-priced inventory, though a wide DOM range (1–764 days) underscores the consequence of misaligned pricing.
Total Closed Sales
53
16 districts represented
Average Sold Price
$540,704
Median: $439,900
Avg Price Per SqFt
$470
Range: $159 – $1,205/sqft
Median Days on Market
16
Avg DOM: 65.7 days
Avg List-to-Sold Ratio
98.1%
Buyer-favourable market
Pricing Performance
February's data reinforces a buyer-driven environment. Four in five condominiums closed below asking price, with sellers averaging a $14,152 concession. Properties that achieved over-asking results were typically well-priced entry-level units in high-demand corridors.
Sold Over Asking
9.4%
5 sales | Avg premium: +$11,877
Sold At Asking
9.4%
5 sales | Exact list price
Sold Under Asking
81.1%
43 sales | Avg discount: −$14,152
Key Insight
Eight out of ten condominiums sold below asking price in February 2026 — a clear signal that buyers hold negotiating leverage across most HRM districts. Sellers who calibrate pricing to current absorption rates are transacting in under three weeks; those who don't are waiting months and absorbing significant reductions.
Highest Sale — February 2026
The month's standout transaction was a luxury penthouse in Halifax South's prestigious Granville Street corridor, closing at an exceptional $1,204.72 per square foot.
1
Granville Street — District 2-A, Halifax South
2,120 sqft | 17 DOM | $1,204.72/sqft | Listed Jan 6, 2026
$2,554,000
| Metric | Value |
|---|---|
| Selling Price | $2,554,000 |
| List Price | $2,554,000 |
| List-to-Sold Ratio | 100% (sold at asking) |
| Days on Market | 17 days |
| Finished Square Feet | 2,120 sqft |
| Price Per SqFt | $1,204.72 |
Sales Volume by District
Halifax South leads all districts by a substantial margin, accounting for nearly one-third of February's total condo sales. Fairmount, Clayton Park and Rockingham (District 5) ranks second in volume at 17% of total sales, serving as the HRM's primary mid-market condo corridor.
District-by-District Analysis
The following section breaks down each district's February performance by sub-district, including sales volume, pricing, days on market, price per square foot, and list price negotiation outcomes.
District 2 — Halifax South
16 Sales | Sub-Districts: 2-A, 2-B
Halifax South is the HRM's premier condo market by both volume and price. Sub-district 2-A (South End core, Barrington, Granville, Inglis, Morris, Tobin, Artillery) commands top-tier pricing, with an average sold price of $851,283 — driven by waterfront towers and heritage conversions. Sub-district 2-B (Oxford Street corridor) offers a more accessible entry point at $497,625 average.
Sub-District 2-A — Halifax South Core
Sales
12
75% of district volume
Avg Sold Price
$851,283
Highest avg in HRM
Avg DOM
123
days on market
Avg $/SqFt
$698
highest in HRM
All 12 sub-district 2-A closings required negotiation below list, with 0 selling over asking. The high average DOM of 123 days is elevated by two legacy listings — a unit at Granville Street that took 764 days to sell (ultimately transacting at 16% below original ask), and a Dresden Row unit at 130 DOM. Excluding these outliers, the balance of 2-A sold in under 30 days.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Granville Street (2302) | $2,554,000 | At asking | 17 | $1,205 |
| South Park Street | $877,000 | At asking | 14 | $904 |
| Dresden Row | $835,000 | −$14,900 | 130 | $790 |
| Granville Street (910) | $765,000 | −$15,900 | 221 | $765 |
| Artillery Place (703) | $650,000 | −$9,900 | 1 | $591 |
| Artillery Place (301) | $610,000 | −$10,000 | 9 | $521 |
| Morris Street | $611,000 | −$8,000 | 190 | $498 |
| Tobin Street | $510,500 | −$9,400 | 11 | $460 |
| Inglis Street | $525,000 | −$5,000 | 5 | $448 |
| Oxford Street (402) | $574,900 | At asking | 5 | $517 |
| Barrington Street | $464,000 | −$10,900 | 112 | $704 |
| Lower Water Street | $1,239,000 | −$56,000 | 764 | $971 |
Notable: Lower Water Street — 764 DOM
This listing spent over two years on the market, originally listed at $1,369,900 in January 2024. It ultimately sold at $1,239,000 — a 9.5% reduction from original ask — closing in February 2026. This is the longest DOM transaction recorded in February's dataset and illustrates the extreme carrying cost risk of aspirational luxury pricing.
Sub-District 2-B — Oxford Street Corridor
Sales
4
25% of district
Avg Sold Price
$497,625
More accessible entry
Avg DOM
24
days on market
Avg $/SqFt
$472
competitive value
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Oxford Street (302) | $550,000 | +$1,000 | 2 | $540 |
| Oxford Street (106) | $525,500 | −$9,400 | 5 | $475 |
| Oxford Street (114) | $610,000 | −$14,900 | 21 | $405 |
| Coburg Road | $305,000 | −$3,800 | 70 | $469 |
District 5 — Fairmount, Clayton Park, Rockingham
9 Sales | Sub-Districts: 5-A, 5-C, 5-D, 5-E, 5-F
District 5 is the HRM's highest-volume suburban condo market, serving a broad buyer demographic from first-time purchasers to downsizers. At an average of $367,062, it offers the most accessible condo pricing among Halifax-side districts. Notably, every single sale in District 5 closed below asking — a consistent signal of buyer leverage across all sub-districts.
Sales
9
5 sub-districts active
Avg Sold Price
$367,062
All sold under asking
Avg DOM
57
days on market
Avg $/SqFt
$320
most affordable Halifax-side
| Sub-District | Street | Sold Price | Orig. Ask | DOM | $/SqFt |
|---|---|---|---|---|---|
| 5-A | Vimy Avenue (612) | $280,000 | $289,900 | 21 | $448 |
| 5-A | Vimy Ave (324) | $372,000 | $379,900 | 47 | $402 |
| 5-A | Forestside Crescent | $350,000 | $419,900 | 300 | $194 |
| 5-A | Stoneybrook Court | $445,000 | $458,900 | 17 | $284 |
| 5-C | Chelton Woods Lane | $286,000 | $324,900 | 72 | $347 |
| 5-C | Parkland Drive | $420,000 | $425,000 | 3 | $351 |
| 5-D | Attenborough Court | $405,555 | $424,900 | 10 | $202 |
| 5-E | Regency Park Drive | $420,000 | $439,900 | 27 | $295 |
| 5-F | Kearney Lake Road | $325,000 | $339,900 | 16 | $354 |
Notable: Forestside Crescent — 300 DOM
Originally listed at $419,900, this 1,803 sqft unit required 300 days and a $69,900 reduction (16.6%) to close at $350,000. At just $194/sqft it reflects a significant price correction — and serves as a cautionary example for larger District 5 units where per-square-foot value must align with buyer expectations.
District 1 — Halifax Central
3 Sales | No Sub-District Breakdown Available
Halifax Central recorded three closings in February, ranging from $400,000 to $535,000. The district shows buyer negotiating pressure, with two of three sales closing below asking. The Bilby Street property required 190 days to sell — a 20% reduction from its original $499,900 ask.
| Street | Sold Price | Orig. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Saunders Lane | $535,000 | $535,000 | 4 | $384 |
| Harris Street | $418,000 | $425,000 | 8 | $588 |
| Bilby Street | $400,000 | $499,900 | 190 | $746 |
Avg Sold Price
$451,000
3 sales
Avg DOM
67
days (1 outlier)
Avg $/SqFt
$573
strong density value
District 3 — Halifax North
2 Sales | Sub-District: 3-A
Halifax North delivered two February sales, both in sub-district 3-A, at an average of $644,950. One was a Bilby Street penthouse ($850,000, 38 DOM) and the other a Heatherwood Court unit ($439,900, 0 DOM — sold day of listing). The latter also transacted at full asking price.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Bilby Street (PH1) | $850,000 | −$25,000 | 38 | $983 |
| Heatherwood Court | $439,900 | At asking | 0 | $312 |
District 4 — Halifax West
2 Sales | Sub-District: 4-B
District 4 produced two transactions in sub-district 4-B, with notably divergent outcomes: a Gladstone Street unit sold over asking in just 1 day, while Liverpool Street took 60 days and sold below list. Average sold price of $795,000 reflects strong mid-market confidence when pricing is accurate.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Gladstone Street | $950,000 | +$100 (over asking) | 1 | $575 |
| Liverpool Street | $640,000 | −$9,900 | 60 | $455 |
District 6 — Fairview
2 Sales | No Sub-District Breakdown Available
Fairview contributed two Dutch Village Road closings at $507,500 and $825,000, averaging $666,250. Both sold below asking. The $825,000 sale achieved $590.55/sqft — strong value performance for the corridor.
| Street | Sold Price | Orig. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Dutch Village Road (1401) | $825,000 | $899,000 | 8 | $591 |
| Dutch Village Road (903) | $507,500 | $514,900 | 34 | $461 |
District 7 — Spryfield
1 Sale | Sub-District: 7-A
Spryfield produced one February closing in Cowie Hill: a Shepherd Road unit selling for $320,000 — above the $299,000 asking price — in just 2 days. This over-ask result in an entry-level price point signals strong demand for accurately priced product in District 7.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Shepherd Road | $320,000 | +$21,000 (over asking) | 2 | $278 |
District 8 — Armdale / Purcell's Cove / Herring Cove
3 Sales | Sub-Districts: 8-A, 8-B
District 8 showed extended selling timelines, averaging 98 DOM — among the highest of any Halifax-side district this month. All three properties closed below asking. Sub-district 8-B's Spinnaker Drive unit required 147 days before closing.
| Sub-District | Street | Sold Price | Orig. Ask | DOM | $/SqFt |
|---|---|---|---|---|---|
| 8-A | Walter Havill Drive (711) | $460,000 | $464,900 | 7 | $160 |
| 8-A | Walter Havill Drive (210) | $455,000 | $499,000 | 141 | $315 |
| 8-B | Spinnaker Drive | $429,900 | $444,900 | 147 | $384 |
Note: The Walter Havill Drive unit (711) at $160/sqft reflects the 2,880 sqft size of that unit — a large-format condo where total price ($460,000) is reasonable but the $/sqft metric is suppressed by scale.
District 12 — Southdale, Manor Park
3 Sales | Sub-Districts: 12-B, 12-D
Dartmouth's Manor Park and Southdale district delivered three sales across two sub-districts with a wide price range. The sub-12-D sale at Kings Wharf Place — $850,000 at 70 DOM — is the district's standout, while sub-12-B captures the more active entry-level segment.
| Sub-District | Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|---|
| 12-B | Rose Way | $315,000 | −$4,900 | 14 | $331 |
| 12-B | Prince Albert Road | $429,900 | At asking | 9 | $420 |
| 12-D | Kings Wharf Place | $850,000 | −$19,900 | 70 | $628 |
District 13 — Crichton Park, Albro Lake
2 Sales | Sub-District: 13-B
District 13 produced two contrasting Irishtown Road results: one sold $9,900 below asking, while the other — a re-listed unit — sold $47,500 over asking in just 1 day, demonstrating that correct pricing in this location attracts immediate competitive interest.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Irishtown Road (101) | $350,000 | −$9,900 | 14 | $476 |
| Irishtown Road (204) | $407,500 | +$47,500 (over asking) | 1 | $402 |
District 14 — Dartmouth Montebello, Port Wallace, Keystone
1 Sale | Sub-District: 14-A
One February sale in sub-district 14-A: a Lombardy Lane unit at $343,500 — sold below asking in 8 days at $261.81/sqft. Activity remains limited in this corridor, though the swift DOM suggests buyer readiness when pricing is correct.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Lombardy Lane | $343,500 | −$3,500 | 8 | $262 |
District 15 — Forest Hills
2 Sales | Sub-District: 15-C
Forest Hills (Cole Harbour) delivered two Cole Harbour closings in sub-district 15-C at $319,500 and $320,000, averaging $319,750 — both below asking. Average DOM of 42.5 days suggests modest buyer demand at this price point.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Forest Hills Parkway | $319,500 | −$10,400 | 39 | $313 |
| Arklow Drive | $320,000 | −$19,900 | 46 | $265 |
District 16 — Colby Area
1 Sale | Sub-District: 16-B
One Pebblecreek Crescent sale in sub-district 16-B: $550,000, just below the $565,000 asking price — sold in 1 day. The speed of transaction signals this corridor has ready buyers at or near the $550K level.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Pebblecreek Crescent | $550,000 | −$15,000 | 1 | $438 |
District 17 — Woodlawn, Portland Estates, Nantucket
3 Sales | Sub-Districts: 17-D, 17-E
District 17 shows bifurcated performance: sub-district 17-D produced two Collins Grove sales with extended DOM (130 and 141 days) as buyers pushed back on original pricing, while sub-district 17-E delivered a remarkable result — a Russell Lake Drive unit selling over asking in just 1 day.
| Sub-District | Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|---|
| 17-D | Collins Grove (123) | $290,000 | −$4,900 | 130 | $349 |
| 17-D | Collins Grove (119) | $292,500 | −$19,400 | 141 | $350 |
| 17-E | Russell Lake Drive | $334,682 | +$35,682 (over asking) | 1 | $331 |
District 20 — Bedford
2 Sales | Sub-District: 20-A
Bedford's two February sales were both on Moirs Mill Road in sub-district 20-A, closing at exactly $350,000 each. The extraordinary speed — 3 days average DOM — reflects strong demand for Bedford's condo product in the $350K range.
| Street | Sold Price | vs. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Moirs Mill Road (334) | $350,000 | −$9,000 | 3 | $303 |
| Moirs Mill Road (124) | $350,000 | −$9,900 | 3 | $300 |
District 40 — Timberlea, Prospect, St. Margaret's Bay
1 Sale | Sub-District: 40-B
District 40 produced one February closing — a Hatchet Lake property (sub-district 40-B) that required 273 days to sell, one of the longest single-sale timelines in the dataset. Originally listed at $459,900, it ultimately closed at $415,000 after a $44,900 reduction (9.8%).
| Street | Sold Price | Orig. Ask | DOM | $/SqFt |
|---|---|---|---|---|
| Hatchet Lane | $415,000 | $459,900 | 273 | $346 |
District Performance Summary
The table below consolidates all 16 districts for side-by-side comparison of key performance metrics.
| District | Sales | Avg Sold | Avg DOM | Avg $/SqFt | Over Ask | Under Ask |
|---|---|---|---|---|---|---|
| 2 — Halifax South | 16 | $762,869 | 98.6 | $642 | 1 | 13 |
| 5 — Fairmount/Clayton Park | 9 | $367,062 | 57.0 | $320 | 0 | 9 |
| 1 — Halifax Central | 3 | $451,000 | 67.3 | $573 | 0 | 2 |
| 12 — Southdale, Manor Park | 3 | $531,633 | 31.0 | $459 | 0 | 2 |
| 17 — Woodlawn/Portland Est. | 3 | $305,727 | 90.7 | $344 | 1 | 2 |
| 8 — Armdale/Purcell's Cove | 3 | $448,300 | 98.3 | $286 | 0 | 3 |
| 15 — Forest Hills | 2 | $319,750 | 42.5 | $289 | 0 | 2 |
| 13 — Crichton Park/Albro Lake | 2 | $378,750 | 7.5 | $439 | 1 | 1 |
| 20 — Bedford | 2 | $350,000 | 3.0 | $302 | 0 | 2 |
| 3 — Halifax North | 2 | $644,950 | 19.0 | $647 | 0 | 1 |
| 4 — Halifax West | 2 | $795,000 | 30.5 | $515 | 1 | 1 |
| 6 — Fairview | 2 | $666,250 | 21.0 | $526 | 0 | 2 |
| 7 — Spryfield | 1 | $320,000 | 2.0 | $278 | 1 | 0 |
| 14 — Dartmouth Montebello | 1 | $343,500 | 8.0 | $262 | 0 | 1 |
| 16 — Colby Area | 1 | $550,000 | 1.0 | $438 | 0 | 1 |
| 40 — Timberlea/Prospect | 1 | $415,000 | 273.0 | $346 | 0 | 1 |
| HRM TOTAL | 53 | $540,704 | 65.7 | $470 | 5 | 43 |
Price Segment Analysis
The sub-$400K segment captured the largest share of February transactions, driven largely by District 5 and Dartmouth-area condo product. The $400K–$600K band accounted for 28% of sales. Premium product above $800K represented 13% of February closings.
Pricing Challenges: Properties That Struggled
While the dataset captures only closed sales, extended days on market reveal where pricing was misaligned. The following properties required the most significant corrections before transacting — offering critical insights into where buyer resistance exists across the HRM.
| Street | District | Orig. Ask | Sold Price | Reduction | DOM |
|---|---|---|---|---|---|
| Lower Water Street | 2-A Halifax South | $1,369,900 | $1,239,000 | −$130,900 (9.5%) | 764 |
| Hatchet Lane | 40-B Timberlea | $459,900 | $415,000 | −$44,900 (9.8%) | 273 |
| Forestside Crescent | 5-A Clayton Park | $419,900 | $350,000 | −$69,900 (16.6%) | 300 |
| Bilby Street | 1 Halifax Central | $499,900 | $400,000 | −$99,900 (20.0%) | 190 |
| Granville Street (910) | 2-A Halifax South | $645,000 | $765,000 | Reduced then sold | 221 |
| Morris Street | 2-A Halifax South | $645,000 | $611,000 | −$34,000 (5.3%) | 190 |
| Walter Havill Drive (210) | 8-A Armdale | $499,000 | $455,000 | −$44,000 (8.8%) | 141 |
| Spinnaker Drive | 8-B Armdale | $444,900 | $429,900 | −$15,000 (3.4%) | 147 |
What Struggled Listings Reveal
The common thread across February's longest-running transactions: original pricing disconnected from where buyers were willing to transact. The Bilby Street unit required a full 20% reduction before finding a buyer. The Lower Water Street property carried for over two years. In every case, the eventual sale price was where the market had been signalling value all along — the cost was time and carrying expense.
Note: Sandra Pike Transaction
Sandra Pike represented the seller in one February 2026 condo transaction — a Vimy Avenue unit in District 5-A (Fairmount/Clayton Park) that closed at $372,000 in 47 days.
Strategic Takeaways
For Sellers
February's data delivers an unambiguous message: the HRM condo market is buyer-controlled at virtually every price point. With 81% of sales closing below list, sellers who enter the market with aspirational pricing face two outcomes — reduced proceeds after concessions, or extended DOM with the reputational cost of stale listing status. The most effective strategy entering spring 2026 is aggressive, defensible pricing supported by current comparable sales data from the specific sub-district.
For Buyers
Buyers have meaningful negotiating leverage across most sub-districts, with average discounts of $14,152 available for well-represented purchasers. However, exceptions exist: Russell Lake Drive (17-E), Shepherd Road (7-A), Irishtown Road (13-B), and Gladstone Street (4-B) all saw competitive results — markets where well-priced inventory moves fast and over-asking bids remain possible. Buyers targeting these corridors should be prepared to act decisively.
For Investors
Halifax South (District 2) continues to command the strongest $/sqft premium in the HRM, with select waterfront and urban core units achieving $700–$1,200/sqft. Bedford (District 20) and Crichton Park (District 13) delivered the fastest absorption at entry-level pricing — indicators of steady demand fundamentals for income-producing product.
Market Summary
February 2026 confirms the HRM condominium market remains squarely in buyer-favourable territory. Eighty-one percent of closings settled below asking price, and average days on market of 65.7 days — pulled up significantly by a small number of long-duration transactions — mask a median of just 16 days for properties priced correctly. In this environment, the difference between a 16-day sale and a 300-day ordeal is pricing discipline from day one.
