Nova Scotia New Construction Market Report

Executive Market Intelligence

• Robust spring activity: May delivered 27% increase in listings with 26% growth in sales, demonstrating strong seasonal momentum and market confidence
• Balanced market dynamics: 61% sell-through rate indicates healthy equilibrium between supply and demand, with inventory expansion supporting buyer choice
• Premium segment leadership: Halifax led activity with 6 sales averaging $695K, while Upper Tantallon commanded highest prices at $895K average
• Builder competition intensifies: Amara Developments and Provident Holdings tied for market leadership with 5 properties each (8.6% share), demonstrating competitive landscape
• Price distribution shift: 64% of transactions occurred between $500K-$900K, indicating sustained mid-to-upper market strength
• Value preservation: Despite modest price decline, price per square foot increased 3.3%, signaling quality appreciation and efficient space utilization
• Size diversity maintained: Properties ranged from under 1,500 sq ft (31%) to over 3,000 sq ft (9%), catering to diverse buyer preferences
• Regional strength: Brunello Estates averaged $825K, Middle Sackville $786K, demonstrating premium community resilience