The average residential sale price in Truro and Colchester increased by 5.9 per cent year-over-year across all property types in 2025, rising from $345,065 to $365,514. The number of sales transactions also increased by 5.1 per cent during the same period (from 530 to 557), while the number of new listings rose by 7.8 per cent (from 783 in 2024 to 844 in 2025).
Trends in the Truro and Colchester Housing Market
Looking ahead, average residential sale prices are expected to increase by four per cent in 2026, compared to 2025, and sales are anticipated to rise by eight per cent.
Truro and Colchester are expected to shift toward a balanced market in 2026 as additional inventory comes online through new developments, which continue to offer more affordability than many other parts of the province.
The top three neighbourhoods projected to be most desirable in 2026 are Truro, Bible Hill, and North River, each seeing increased construction activity and benefiting from close proximity to schools and essential amenities.
Single-detached homes are expected to experience the strongest demand and sales activity in the region in 2026.
Buying & Selling Trends for 2026
First-time homebuyers and purchasing primarily in the $300,000 range, driven by eligibility for the Nova Scotia Down Payment Assistance Program, which is capped at $300,000.
Meanwhile, move-up and move-over buyers are seeking larger homes or relocating into town to be closer to schools for older children, generally looking in the $400,000–$500,000 range.
Retirees are focusing on smaller, low-maintenance homes, with semi-detached properties gaining popularity. Most are looking in the $380,000–$425,000 range.
New Construction & Market Factors
New-home construction is largely composed of semi-detached homes and slab-on-grade homes without basements or crawl spaces. New developments are advancing as planned, contributing to rising inventory.
Lowering interest rates are creating more affordability compared to other regions of the province, with Truro located just 45 minutes from Halifax. A strong rental market continues to attract investors; however, rising rents are pushing more people toward homeownership as a long-term investment.
Truro and Colchester remain stable markets for both buyers and sellers relative to other parts of Canada. Buyers are becoming more educated and increasingly DIY-focused, while agents are leaning into AI staging, video marketing, and drone photography to meet expectations.
