Stats from the Nova Scotia Association of REALTORS® (NSAR)
September 2026 Halifax New Construction Market Report
Single Family & New Build Activity | Halifax Regional Municipality
Executive Summary
Halifax’s new construction market recorded 26 firm sales in September 2026, with buyer activity concentrated firmly in the 500, 000–900,000 corridor. Sandra Pike’s analysis of the latest NSAR data reveals a median sale price of $686,950—a figure that more accurately reflects the market’s centre of gravity than the average of $781,633, which is pulled upward by a single $3.15 million transaction on Waynesboro Avenue in Middle Sackville.
Negotiation dynamics favoured builders this month: 42.3% of new construction homes sold at full original asking price, with another 26.9% closing above list. The median SP/OP ratio of 100.0% confirms that buyers in Halifax’s new-build segment are meeting builders at their stated price in more than two-thirds of transactions. Sandra Pike notes this is a meaningful signal for prospective purchasers who may expect the same negotiation latitude available in the resale market.
On the supply side, 72 active single-family new construction listings remain on the market with a median asking price of $787,400, supported by 7 conditional sales in the pipeline. With median days on market at 30 and the 700K– 900K segment moving in just 14 days, well-priced new builds continue to attract decisive buyers across the Halifax region.
Firm Sales
26
completed transactions
Median Sale Price
$686,950
avg: $781,633
Median DOM
30
days on market
SP/OP Ratio
100.0%
median (avg: 98.8%)
Pricing Performance Analysis
Sandra Pike’s review of September’s new construction pricing reveals a market operating across a wide range—from $356,500 to $3,154,512—but with the majority of activity clustered between $500,000 and $900,000. The median price per square foot of $322 (average: $347) based on total living area provides a useful benchmark for buyers comparing builder offerings across the Halifax region. The median home size was 2,197 square feet.
| Metric | Median | Average |
|---|---|---|
| Sale Price | $686,950 | $781,633 |
| Price per Sq Ft (TLA) | $322 | $347 |
| Total Living Area | 2,197 sq ft | 2,238 sq ft |
| Days on Market | 30 | 64 |
| SP/OP Ratio | 100.0% | 98.8% |
Data Note: The
September cohort includes one significant outlier—a $3,154,512 sale on Waynesboro
Avenue (7,181 sq ft) in Middle Sackville. This transaction materially elevates the average sale
price, average DOM (64 vs. median 30), and District 26 averages. Sandra Pike recommends
median-forward analysis for a more representative view of typical new-build pricing.
Negotiation Breakdown: SP/OP Analysis
The SP/OP (selling price to original list price) ratio is a critical negotiation indicator for Halifax new construction buyers. In September, Sandra Pike’s data shows that builders held firm on pricing in the majority of transactions, with 69.2% of homes selling at or above their original asking price.
Sold at Asking
42.3%
11 of 26 sales
Sold Over Asking
26.9%
7 sales | avg premium:
+$12,693
Sold Under Asking
30.8%
8 sales | avg discount:
−$35,888
Key Insight
Sandra Pike notes that nearly seven in ten Halifax new construction sales closed at or above the builder’s original asking price in September. This contrasts sharply with the resale market, where price negotiation remains more common. Buyers entering the new-build segment should anticipate limited room for discount—particularly in the 700K–900K range, where homes moved in a median of just 14 days.
Price Segment Performance
Sandra Pike’s segment analysis shows where buyer demand was strongest in September. The 500K–700K range dominated transaction volume with 12 sales, while the 700K–900K bracket demonstrated the fastest absorption rate at a median of just 14 days on market.
| Price Segment | Sales | Avg Price | Median DOM | Share |
|---|---|---|---|---|
| Under $500K | 4 | $456,375 | 50 | 15.4% |
| $500K – $700K | 12 | $639,687 | 35 | 46.2% |
| $700K – $900K | 8 | $808,338 | 14 | 30.8% |
| $900K+ | 2 | $2,177,008 | 3 | 7.7% |
Sales Distribution by Price
Under $500K
4 sales (15.4%)
$500K – $700K
12 sales (46.2%)
$700K – $900K
8 sales (30.8%)
$900K+
2 sales (7.7%)
District Performance
New construction activity in September spanned 10 districts across the Halifax region. Sandra Pike’s district-level analysis highlights the continued dominance of suburban and semi-rural corridors where builder inventory is concentrated and land availability supports ongoing development.
| District | Sales | Median Price | Avg Price |
|---|---|---|---|
| Timberlea, Prospect, St. Margaret’s Bay | 7 | $699,900 | $682,500 |
| East Hants / Colchester West | 6 | $544,450 | $555,617 |
| Beaverbank, Upper Sackville | 5 | $820,000 | $1,329,583* |
| Waverley, Fall River, Oakfield | 2 | $764,950 | $764,950 |
| Kingswood, Haliburton Hills, Hammonds Pl. | 1 | $764,900 | $764,900 |
| Bedford | 1 | $850,708 | $850,708 |
| Spryfield | 1 | $659,900 | $659,900 |
| Dartmouth Montebello, Port Wallace, Keystone | 1 | $639,900 | $639,900 |
| Armdale / Purcell’s Cove / Herring Cove | 1 | $569,000 | $569,000 |
| Eastern Passage / Cow Bay | 1 | $549,039 | $549,039 |
*District 26 average is elevated by the $3,154,512 Waynesboro Avenue sale. The median of $820,000 is more representative of typical builder pricing in Beaverbank/Upper Sackville.
Top Districts by Sales Volume
1
Timberlea, Prospect, St. Margaret’s
Bay
7 sales | Median $699,900
26.9%
2
East Hants / Colchester West
6 sales | Median $544,450
23.1%
3
Beaverbank, Upper Sackville
5 sales | Median $820,000
19.2%
Builder Performance
Sandra Pike tracks builder activity to identify which developers are most active in the Halifax new construction market. September’s data reveals a diverse builder landscape, with Marchand Homes and Provident Holdings each recording multiple closings across different price tiers and districts.
| Builder | Sales | Avg Price | Price Range |
|---|---|---|---|
| Marchand Homes | 5 | $878,681 | $684,000 – $1,199,503 |
| Provident Holdings Ltd. | 3 | $663,780 | $549,039 – $782,400 |
| Almadina International Ltd. | 2 | $689,900 | $689,900 |
| Sheep Dog Developments | 2 | $485,000 | $475,000 – $495,000 |
Additional builders with single sales in September include Heliopolis House Development, Synergy Homes, Highgate Construction, Cresco Construction, Nova East Homes, Ramar Construction, Mayabella Homes, Rooftight Construction, Signature Homes, Whitestone Developments, 3291622 Nova Scotia Limited, and ReDesigns Construction.
Active Inventory & Pipeline
Sandra Pike’s inventory analysis reveals 72 active single-family new construction listings across Halifax, with a median asking price of $787,400 and a range spanning $299,900 to $2,199,900. Only 4 of 72 active listings (5.6%) have undergone price reductions—signalling that builders continue to hold pricing with confidence.
Active Listings
72
single family new builds
Median Asking Price
$787,400
range: $299,900 –
$2,199,900
Conditional Sales
7
pending completion
Price Reductions
4
of 72 listings (5.6%)
Conditional Sales in Pipeline
| Street | List Price | Type | District |
|---|---|---|---|
| Fulton Court | $327,900 | Mobile / Mini | East Hants |
| Conway Drive | $361,900 | Mobile / Mini | East Hants |
| Conway Drive | $381,900 | Mobile / Mini | East Hants |
| Primrose Street | $484,000 | Single Family | Crichton Park |
| Alabaster Way | $569,900 | Single Family | Spryfield |
| Surf Drive | $584,900 | Single Family | Timberlea / Prospect |
| Rampart | $739,900 | Single Family | Timberlea / Prospect |
Active Inventory by District (Single Family)
Timberlea, Prospect, St. Margaret’s
Bay
17 listings
East Hants / Colchester West
9 listings
Dartmouth Montebello, Port
Wallace
9 listings
Kingswood, Haliburton Hills
9 listings
Bedford
8 listings
Waverley, Fall River, Oakfield
7 listings
Beaverbank, Upper Sackville
6 listings
Notable September Sales
Sandra Pike highlights several transactions that illustrate the breadth of Halifax’s new construction market in September 2026:
| Street | Area | Sale Price | DOM | SP/OP |
|---|---|---|---|---|
| Waynesboro Avenue | Middle Sackville | $3,154,512 | 6 | 100.0% |
| Bondi Drive | Middle Sackville | $1,199,503 | 0 | 102.9% |
| Celebration Drive | Fall River | $899,900 | 110 | 90.9% |
| Idella Lane | Bedford | $850,708 | 7 | 100.1% |
| Garvey Court | Bedford | $764,900 | 21 | 102.0% |
| Brunello Boulevard | Timberlea | $819,000 | 1 | 100.0% |
Strategic Takeaways
For Buyers
Sandra Pike advises new construction buyers to approach the Halifax market with realistic pricing expectations. With 69.2% of homes selling at or above the builder’s original asking price, the negotiation leverage available in resale does not consistently translate to new builds. The 500K– 700K segment offers the widest selection (46.2% of sales), while the 700K–900K range is currently moving fastest. Buyers in these brackets should be prepared to act decisively, particularly on well-located lots in Timberlea, Prospect, and Bedford.
For Sellers &
Builders
Builder pricing discipline is holding. Only 5.6% of active listings have undergone price reductions, and the median SP/OP of 100.0% confirms that well-priced new construction is meeting the market. Sandra Pike notes that the sub-$500K segment shows longer days on market (median 50), suggesting builders in that tier may face more price sensitivity. The 700K–900K sweet spot, with a median DOM of just 14 days, represents the strongest velocity in the Halifax new-build market.
Frequently Asked Questions
What was the median price for new construction homes in Halifax in September 2026?
The median sale price for new construction homes in Halifax Regional Municipality was $686,950 in September 2026, based on 26 firm sales tracked by Sandra Pike using NSAR data. The average of $781,633 is higher due to a $3.15 million outlier transaction.
How long did new construction homes take to sell in Halifax in September 2026?
New construction homes in Halifax had a median days on market of 30 in September 2026. Homes priced between $700K and $900K sold the fastest with a median DOM of just 14 days, while homes under $500K had a median DOM of 50 days.
Which Halifax areas had the most new construction sales in September 2026?
Timberlea, Prospect, and St. Margaret’s Bay led with 7 firm sales (26.9% market share), followed by East Hants/Colchester West with 6 sales and Beaverbank/Upper Sackville with 5 sales. Sandra Pike notes these suburban corridors continue to benefit from available land and active builder programs.
Authored 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
*Data has not
been verified*
