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Average vs Resale Home Prices. The average home resale price in Halifax was $399,619 in 2020. The price increased by 19.4% over 2019, the largest percentage increase across the 6 benchmark cities. The average price of a new single-detached house in Halifax increased 9.1%, climbing to $506,047 in 2020.
Apr 19, 2021 · Still, the average seasonally adjusted home price in Halifax was $457,017 in March, substantially below Toronto or Vancouver, which both topped a million dollars, and cheaper than the Canadian ...
Sep 20, 2021 · HALIFAX— The Halifax housing market is showing more signs of moderation. But a historically low inventory continues to keep prices in the city high. New data from the Teranet-National Bank House Price Index, released on September 20, shows out-of-control price increases in Halifax slowed for the fourth month in a row in August.
Average New Home Prices. From 2001 to 2021, Halifax’s average price for new homes has had a compound annual growth rate of 5.5%. The 10.2% increase in new-home prices in 2021 was the highest since 2015 when prices rose 11.6%. The average price for new homes reached an all-time high of $550,628. DOWNLOAD THE DATA: LONG-TERM-PRICES.XLSX
Halifax housing market to see seller’s market, prices expected to rise 8% in 2021. The Halifax housing market should continue to favour sellers in 2021, thanks to challenges in housing supply and rising prices. Low inventory has been a common trend across many Canadian housing markets in 2020, which has prompted price increases.
Halifax home prices as measured by the Teranet-National Bank House Price Index increased 3.5% month-over-month in June 2021. Home prices in Halifax were 30.8% higher when compared to a year earlier. Looking at the 11-city composite on the Teranet-National Bank House Price Index, monthly resale home prices increased 2.7% month-over-month in June 2021.
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Annual price growth was at an all-time high in Halifax, Hamilton, Montreal in 2021. Following a decline in 2016, Halifax resale home prices have been posting growth over the last five years. Resale home prices in Halifax were up 2.2% in 2017, 3.7% in 2018, 4.1% in 2019, 10.9% in 2020 and 28.0% in 2021.
