111,730
Total Lockbox Transactions
Lockbox transaction data provides a critical leading indicator of buyer engagement and market health. Unlike sales statistics, which reflect completed transactions, showing activity reveals where buyers are actively searching and the intensity of competition for available inventory.
Monthly Showing Activity Distribution
Weekly Showing Activity Trend
Geographic Distribution by Region
Geographic Distribution
Halifax Regional Municipality Dominance
The heat map reveals substantial concentration within HRM, particularly across the urban core and peninsula. This geographic clustering reflects sustained buyer interest in urban properties, indicating continued demand for proximity to employment centers, amenities, and infrastructure.
Secondary Market Activity
Cape Breton demonstrates moderate showing volume, suggesting stable regional engagement. The Annapolis Valley corridor displays consistent activity, while rural and coastal communities exhibit significantly lower transaction density.
Temporal Patterns
Daily lockbox activity throughout 2025 averaged approximately 306 transactions, with notable cyclical patterns aligned to traditional buying seasons. Peak activity periods reached 500-600 daily transactions during spring and early summer, while winter months and holiday periods demonstrated predictable contractions.
Strategic Implications
Predictive Value: Lockbox transactions precede offers and sales by days or weeks, making showing volume a forward-looking metric for transaction velocity.
Geographic Concentration: The heavy concentration in HRM's urban core suggests sustained pricing power in these submarkets, as multiple buyers compete for limited inventory.
Market Velocity: Consistent daily activity throughout the year indicates structural demand rather than speculative interest, supporting market stability.
Competitive Dynamics: Properties in high-density showing areas will experience accelerated marketing timelines and stronger negotiating positions for sellers.
Investment Considerations
For investors and professionals evaluating market entry or portfolio positioning, lockbox data serves as a real-time gauge of buyer confidence. Geographic areas with sustained showing activity indicate markets with active demand, while declining transaction volumes may signal inventory saturation or pricing resistance.
Properties positioned in high-transaction corridors benefit from increased visibility and competitive tension, often resulting in faster absorption rates and stronger price realization.
