Average House Price in Halifax

by The Canadian Magazine of Immigration · June 21, 2025

The average house price in Halifax is $570,600

Housing Market in Halifax – May 2025

In May 2025, Halifax’s housing market continued to exhibit strength, transitioning toward a seller’s market with an average home price of $603,267, marking a modest 0.3% increase from April 2025 and a 1.4% rise year-over-year, while the benchmark price reached $557,000, up 4.8% annually but down 0.8% from the previous month. Sales activity surged by 25% month-over-month to 1,025 transactions, driven by first-time buyers and immigration, despite a tight inventory with a sales-to-new-listings ratio (SNLR) of 47%, indicating a balanced market. New listings rose 9.6% from May 2024 to 2,183, and active listings hit 4,593 units, the highest in over five years, yet only 4 months of inventory remained, underscoring persistent supply constraints. Forecasts suggest a 5% price increase for 2025, potentially reaching $607,859, fueled by lower interest rates, increased buyer confidence, and limited entry-level inventory, though affordability challenges persist for first-time buyers and low-income households.

Housing Market in Halifax – April 2025

In April 2025, Halifax’s housing market continued to experience upward pressure on prices, with the average home price reaching $603,267, a modest 0.3% increase from March 2025 and a 1.4% rise year-over-year. The benchmark home price stood at $557,000, reflecting a 4.8% annual increase but a slight 0.8% decline from the previous month. Despite a 25% month-over-month surge in sales activity to 1,025 transactions, the market remained in balanced territory with a sales-to-new-listings ratio (SNLR) of 47%, indicating tight inventory and sustained demand. This dynamic, driven by first-time buyers and immigration, underscores Halifax’s transition toward a seller’s market, though affordability challenges persist amid limited entry-level inventor

Housing Market in Halifax – March 2025

In March 2025, Halifax’s housing market is a seller’s market with a sales-to-new-listings ratio (SNLR) of 67%, driven by tight inventory and robust demand. Sales dropped 16% from March 2024 to 421 transactions, but rose 27% from March 2023, with detached homes (328 sales) up 11% annually. Rental vacancy rates are low at 2.1%, with average two-bedroom rents at $1,740, expected to rise slightly to 2.5% vacancy by year-end. Affordability issues persist, with homelessness rising to 3,295 individuals, fueled by a 4.4% price hike in 2024 and limited entry-level inventory, despite record multi-unit construction (4,128 starts in 2023)

In May 2025, Halifax house prices up 5.8% compared to the same month a year ago.

Average House Price in Halifax
	2023	2024	2025
January	$502,600*	$522,400*	$550,500
February	$504,300*	$525,600*	$561,400
March	$508,500*	$531,400*	$557,000
April	$524,500*	$550,200*	$563,000
May	$531,100*	$539,200	$570,600
June	$529,700*	$548,800
July	$531,200*	$551,600
August	$532,100*	$543,700
September	$524,200*	$538,100
October	$529,400*	$539,200
November	$510,700*	$527,700
December	$513,100*	$533,500
Source: CREA
*Updated

House prices in Halifax 2020-2022

Average House Price in Halifax
	2020	2021	2022
January	$331,548*	$432,070*	$465,600*
February	$329,138*	$343,900*	$468,200*
March	$352,993*	$359,900*	$522,400*
April	$335,921*	$382,900*	$540,100*
May	$361,838*	$411,400*	$539,000*
June	$366,668*	$425,500*	$518,600*
July	$367,582*	$431,600*	$498,100*
August	$371,766*	$434,400*	$484,700*
September	$384,001*	$434,700*	$480,400*
October	$389,523*	$442,600*	$482,900*
November	$393,925*	$446,400*	$482,000*
December	$400,965*	$452,200*	$480,000*
Source: CREA
*Updated

House prices in Halifax 2017-2019

Average House Price in Halifax
	2017	2018	2019
January	$267,312*	$292,485*	$307,096*
February	$284,189*	$315,548*	$301,011*
March	$297,473*	$298,599*	$335,098*
April	$308,039*	$315,394*	$319,142*
May	$319477*	$308,493*	$329,242*
June	$297,063*	$309,186*	$323,221*
July	$298,668*	$295,692*	$310,251*
August	$286,012*	$294,261*	$315,472*
September	$279,312*	$298,194*	$320,941*
October	$286,634*	$287,248*	$325,832*
November	$296,501*	$297,823*	$340,031*
December	$302,677*	$298,518*	$332,876*
Source: CREA
*Updated