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Canada  + Alberta & Prairies + Maritimes + Ontario + Pacific Canada  + Multi-residential Housing  | 

Halifax Condo Prices to Rise Modestly

Halifax condominium prices will rise modestly in 2024 after jumping in 2023, according to a new Royal LePage report.

The region’s median condo price is expected to tick up 1.5% to $431,375 this year. The market’s median condo price posted the second-highest increase (4.4%) in Canada in 2023, Royal LePage data shows. Toronto posted the biggest gain (5.4%).

“Looking ahead to the 2024 housing market in Halifax, we are feeling quite positive. It is likely that interest rates will be reduced mid-year, which will cause some hesitant or sidelined buyers to jump back into the market,” said Matt Honsberger, broker and owner at Royal LePage Atlantic, in a news release.

Honsberger said many investors from Ontario and Alberta are active buyers in Nova Scotia. Out-of-province investors are interested the “investor-friendly” condo sector and single-family homes.


Inside The Story

Phil SoperRoyal LePage

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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