What’s Happening in the Halifax Housing Market?
The average residential sale price in the Halifax housing market increased slightly by 0.45 per cent across all property types between 2025 and 2026, rising from $602,162 to $604,772. Meanwhile, the number of sales decreased by 8.7 per cent over the same period, declining from 3,189 to 2,909, and the number of listings increased by 1.9 per cent, rising from 4,610 to 4,698.
Looking ahead, average 2026 sale prices are expected to remain flat compared with 2025 levels, while the number of sales is projected to decline by approximately three per cent.
The market is currently balanced, with inventory gradually increasing as buyer demand softens. Average days on market have increased, and price reductions are becoming more common.
According to Ryan Hartlen of Halifax/based REMAX Nova, high home prices relative to buyer incomes is the biggest factor preventing more first-time buyers from entering the market.
Ryan notes, there is not yet enough evidence to determine the full impact of the HST rebate. New-construction price points remain out of reach for many first-time buyers, although the rebate has become a topic of discussion and has encouraged some buyers to consider new construction. The rebate would likely have a greater impact on lower-priced new construction, which remains limited in the market.
Buyers are least willing to compromise on property type, although some may prefer semi-detached homes over smaller new condominium units as the condominium market softens.
Transaction volume is down for the first time in several years, and agents, buyers, and sellers are adjusting to the shift in market conditions.
The foreign buyer ban has had little impact on affordability or new construction development.
Frequently Asked Questions
How have home prices changed in the Halifax region?
The average residential sale price in the region increased by 0.45 per cent between 2025 and 2026, rising from $602,162 to $604,772.
How have sales and listings changed in the Halifax region?
The number of sales decreased by 8.7 per cent, from 3,189 to 2,909, while the number of listings increased by 1.9 per cent, from 4,610 to 4,698.
What is expected for Halifax region home prices in 2026?
Average 2026 sale prices are expected to remain flat compared with 2025 levels.
What is expected for home sales in the Halifax region in 2026?
The number of sales is projected to decline by approximately 3 per cent.
What type of market is the Halifax region experiencing?
The market is currently balanced, with inventory gradually increasing as buyer demand softens. Average days on market have increased, and price reductions are becoming more common.
What is the biggest barrier for first-time buyers?
Home prices remaining too high relative to buyer incomes is the biggest factor preventing more first-time buyers from entering the market.
How is the HST rebate affecting the Halifax region housing market?
According to Ryan Hartlen, Broker/Owner at REMAX Nova, there is not yet enough evidence to determine the full impact of the HST rebate. New-construction price points remain out of reach for many first-time buyers, although the rebate has encouraged some buyers to consider new construction.
Why has the HST rebate had limited impact so far?
The rebate would likely have a greater impact on lower-priced new construction, which remains limited in the market.
What are buyers least willing to compromise on?
Buyers are least willing to compromise on property type, although some may prefer semi-detached homes over smaller new condominium units as the condominium market softens.
How is buyer demand changing?
Transaction volume is down for the first time in several years, and agents, buyers and sellers are adjusting to changing market conditions.
Has the foreign buyer ban affected affordability or new construction development?
According to Ryan Hartlen, the foreign buyer ban has had little impact on affordability or new construction development.
