The average house price in Nova Scotia in 2024 stood at approximately ******* Canadian dollars. In the next year, house prices are forecast to further increase by about five percent. Compared to other provinces, Nova Scotia ranked below the national average in terms of house prices. However, the average price of a house in Nova Scotia was twice lower than in Ontario or British Columbia. Exploding population growth in recent yearsNova Scotia is the second-smallest province after Prince Edward Island, and had a population of just under *********** in 2018. The population of this province was relatively steady between 2000 and 2015, but has taken off since then. This sudden growth may be a factor in the increasing house prices, as demand also increases due to the greater number of residents looking for homes. The future of housing affordability in Nova ScotiaHalifax, the provincial capital, had an affordable housing market as of 2018, with mortgage payments only constituting about ** percent of average household incomes. The number of housing starts in the region has increased in the past few years, which also suggests an increase in demand. Only time will tell whether this will ensure a sufficient supply of homes for the region in response to its growing population.

View monthly updates and historical trends for Nova Scotia New Housing Price Index, House Only. Source: Statistics Canada. Track economic data with YChart…

The number of home sales in Nova Scotia, Canada, surged in 2021, followed by a decrease in the following two years. In 2024, about ****** home sales took place in Nova Scotia and this figure is expected to reach ****** in 2026. A similar trend could be observed on a national scale, with transaction activity in Canada set to increase by 2026. In terms of home prices, Nova Scotia ranked below the national average, but housing was still significantly more expensive than provinces such as New Brunswick and Newfoundland.

This table contains 174 series, with data for years 1981 - 1997 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Canada; Atlantic Region; Halifax; Nova Scotia; St. John's; Newfoundland and Labrador ...), New housing price indexes (3 items: Total (house and land);Land only; House only ...), Index base period (2 items: 1986=100;1981=100 ...).

View monthly updates and historical trends for Halifax, NS New Housing Price Index. Source: Statistics Canada. Track economic data with YCharts analytics.

The average resale house price in Canada was forecast to reach nearly ******* Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach *** million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was *** million Canadian dollars in 2024.

House prices in British Columbia and Ontario were notably higher than any other province in Canada in 2024. The average house price in any other province was less than ******* Canadian dollars, whereas in British Columbia and Ontario, it exceeded ******* Canadian dollars. The most affordable province to buy a home was Newfoundland, where the average home cost about ******* Canadian dollars.

Revenue for the Property Management industry in Nova Scotia is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xxx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

This table contains data described by the following dimensions (Not all combinations are available): Geography (86 items: Nova Scotia; Prince Edward Island; Canada; Newfoundland and Labrador ...), Type of dwelling unit (5 items: Total units; Row units; Single units; Semi-detached units ...), Type of market (5 items: Homeowner; Rental; Condo; Co-op ...).

Discover the booming Canadian office real estate market! Our comprehensive analysis reveals an 8%+ CAGR, driven by tech growth in Toronto, Montreal, & Ottawa. Explore market trends, key players (JLL, Colliers, CBRE), and future projections for 2025-2033. Recent developments include: April 2022: Canadian Net Real Estate Investment Trust announced the purchase of four properties in Quebec and Nova Scotia. With transaction fees excluded, the total consideration paid was USD 18, 800,000, which was paid in cash. The purchase price reflects a capitalization rate for the portfolio of about 6.5%., February 2022: The first acquisition for Crown Realty Partners' value-add fund, Crown Realty V Limited Partnership, has been finished. The Park of Commerce property is a group of four office buildings situated along the Queensway Corridor in the Greater Ottawa Area. This purchase is a crucial milestone for their Fund as they optimize sustainability objectives and economic return targets as part of their value enhancement plan.. Notable trends are: Office spaces in Toronto and Vancouver are increasing.

This table contains 275 series, with data for years 1988 - 2015 (not all combinations necessarily have data for all years), and was last released on 2015-12-21. This table contains data described by the following dimensions (Not all combinations are available): Geography (11 items: Nova Scotia; Canada; Newfoundland and Labrador; Prince Edward Island ...), Type of unit (5 items: Total units; Row units; Semi-detached units; Single-detached units ...), Type of market (5 items: Homeowner; Rental; Condo; Co-op ...).

Revenue for the Apartment & Condominium Construction industry in Nova Scotia is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to xx locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Revenue for the Property, Casualty and Direct Insurance industry in Nova Scotia is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely decline at -x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xx locations over the past five years. Industry employment has decreased an annualized -x.x% to x,xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

This table contains data described by the following dimensions (Not all combinations are available): Geography (86 items: Nova Scotia; Prince Edward Island; Canada; Newfoundland and Labrador ...), Type of dwelling unit (5 items: Total units; Row units; Single units; Semi-detached units ...), Type of market (5 items: Homeowner; Rental; Condo; Co-op ...).

In 2023, the rental market in Canada saw the lowest vacancy rate for rental apartments during the observed period. Approximately 1.5 percent of apartments were unoccupied in 2023, down from 1.9 percent the year below. Saskatchewan was the province with the highest vacancy rate, whereas Prince Edward Island and Nova Scotia had the lowest share of unoccupied apartments.

The Canada Facade Market size was valued at USD 234 Million in 2023 and is projected to reach USD 546 Million by 2032, exhibiting a CAGR of 6.00">> 6.00 % during the forecast period. The Canadian facade market is growing due to urbanization and construction technology advancements. Facades, essential for building aesthetics and energy efficiency, include types like ventilated, non-ventilated, and curtain walls, using materials like glass, metal, and composites. Technologies involve advanced glazing, smart facades with sensors, and sustainable materials. Applications cover residential, commercial, and industrial buildings. Advantages include better thermal performance, energy savings, and extended building lifespan, promoting sustainability in urban areas. Recent developments include: August 2022: The purchase of Kaycan, a producer and retailer of exterior construction materials in Canada and the US, by Saint-Gobain was finalized on May 31, 2022., April 2022: The manufacturer of BIPV (building-integrated photovoltaics), Mitrex, with headquarters in Toronto, has revealed its most amazing undertaking to illuminate St. Mary's University (SMU) in Halifax, Nova Scotia. The student housing at St. Mary's University will transform thanks to an integrated solar facade solution from Mitrex, making it the tallest and largest BIPV microgrid implementation in North America.. Key drivers for this market are: 4., Increasing manufacturing sites4.; The increasing middle-income group and access to mortgage finance. Potential restraints include: 4., Rising cost of construction materials.. Notable trends are: Increasing Technological Development in Construction Industry.

Frequency: OccasionalTable: 46-10-0028-01Release date: 2019-05-03Geography: Province or territory, Census subdivision, Census metropolitan area, Census agglomerationThe footnotes in the table are represented in brackets.1) A residential property" refers to all land and structures intended for private occupancy whether on a permanent or a temporary basis." 2) The geographic boundaries used in this table are the 2018 census subdivisions boundaries. 3) All counts undergo random rounding, a process that transforms all raw counts into randomly rounded counts. This reduces the possibility of identifying individuals in the tabulations. Subtotals and totals may not exactly equal the sum of component parts due to system rounding. 4) Property type" refers to property characteristics and/or dwelling configuration, on which there can be one or more residential structures. For the purpose of this table, property type is restricted to the following: single-detached house, semi-detached house, row house and condominium apartment." 5) Period of construction" refers to the period in time during which the building or dwelling was originally constructed. This refers to the period in which the building was completed, not the time of any later remodelling, additions or conversions. For properties having multiple residential structures, this refers to the period in which the most recent structure was completed."6) Assessment value" refers to the assessed value of the property for the purposes of determining property taxes. It is important to note that the assessed value does not necessarily represent the market value. The assessment values in Nova Scotia and British Columbia are in 2017 dollars, while the assessment values in Ontario are in 2016 dollars. Given that different provinces and territories have their own assessment periods and durations of the valuation roll, it is difficult to make accurate comparisons of similar properties from one province or territory to another. For properties that are being utilized for both residential and non-residential purposes, only the residential partitions' value has been taken into account."7) Total living area" refers to the residential living space within a structure. For residential structures that have a basement the finished basement area is included in the total living area, while unfinished basement area is not included." 8) Assessment value per square foot" refers to the assessment value of a property divided by its total living area."9) Above-grade living area" refers to the living area of a residential property excluding basements and levels below grade."10) A condominium apartment" refers to a set of living quarters that is owned individually while land and common elements are held in joint ownership with others."Cite: Statistics Canada. Table 46-10-0028-01 Living area and assessment value per square foot of residential properties by property type and period of construction, provinces of Nova Scotia, Ontario and British Columbiahttps://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610002801

Frequency: OccasionalTable: 46-10-0022-01Release date: 2019-03-12Geography: Province or territory, Census subdivision, Census metropolitan area, Census agglomerationSymbol legend: .. / not available for a specific reference period0s / value rounded to 0 (zero) where there is a meaningful distinction between true zero and the value that was roundedx / suppressed to meet the confidentiality requirements of the Statistics ActThe footnotes in the table are represented in brackets.1) A residential property" refers to all land and structures intended for private occupancy, whether on a permanent or a temporary basis."2) Residency participation is defined as follows: A property is classified as having non-resident participation when at least one owner is defined as non-resident. Conversely, when there are no non-resident owners, a property is classified as having resident owners only; it is deemed to be exempt from non-resident participation. 3) The geographic boundaries used in this table are the 2018 census subdivisions boundaries. 4) Property type" refers to property characteristics and/or dwelling configuration, on which there can be one or more residential structures. Property type includes single-detached house, semi-detached house, condominium apartment, property with multiple residential units, unspecified properties and vacant land."5) Period of construction" refers to the period in time during which the building or dwelling was originally constructed. This refers to the period in which the building was completed, not the time of any later remodelling, additions or conversions. For properties having multiple residential structures, this refers to the period in which the most recent structure was completed."6) The number of owners" includes both individuals and non-individual entities, such as businesses, governments, and non-profit organizations." 7) Assessment value" refers to the assessed value of the property for the purposes of determining property taxes. It is important to note that the assessed value does not necessarily represent the market value. The assessment values in Nova Scotia and British Columbia are in 2017 dollars, while the assessment values in Ontario are in 2016 dollars. Given that different provinces and territories have their own assessment periods and durations of the valuation roll it is difficult to make accurate comparisons of similar properties from one province or territory to another. For properties that are being utilized for both residential and non-residential purposes, only the residential partitions' value has been taken into account."8) All counts undergo random rounding, a process that transforms all raw counts into randomly rounded counts. This reduces the possibility of identifying individuals in the tabulations. Subtotals and totals may not exactly equal the sum of component parts due to system rounding. 9) A condominium apartment" refers to a set of living quarters that is owned individually while land and common elements are held in joint ownership with others." Cite: Statistics Canada. Table 46-10-0022-01 Residency participation and number of owners of residential properties, by property type and period of construction, provinces of Nova Scotia, Ontario and British Columbiahttps://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610002201

Frequency: OccasionalTable: 46-10-0041-01Release date: 2019-09-27Geography: Province or territory, Census subdivision, Census metropolitan area, Census agglomeration'Symbol legend: 0s / value rounded to 0 (zero) where there is a meaningful distinction between true zero and the value that was roundedThe footnotes in the table are represented in brackets.1) The universe of this table is restricted to individual resident owners who occupy a residential property and who own two properties. An owner's geographic location is determined by the location of the occupied property. A residential property refers to all land and structures intended for private occupancy, whether on a permanent or a temporary basis. 2) The geographic boundaries used in this table are the 2018 census subdivisions boundaries. 3) All counts undergo random rounding, a process that transforms all raw counts into randomly rounded counts. This reduces the possibility of identifying individuals in the tabulations. Subtotals and totals may not exactly equal the sum of component parts due to system rounding. 4) Property type refers to property characteristics and/or dwelling configuration, on which there can be one or more residential structures. 5) Assessment value" refers to the assessed value of the property for the purpose of determining property taxes. It is important to note that the assessed value does not necessarily represent the market value. The assessment values in Nova Scotia and British Columbia are in 2017 dollars, while the assessment values in Ontario are in 2016 dollars. Given that different provinces and territories have their own assessment periods and durations of the valuation roll, it is difficult to make accurate comparisons of similar properties from one province or territory to another. For properties that are being utilized for both residential and non-residential purposes, only the residential partitions' value has been taken into account."6) A condominium apartment" refers to a set of living quarters that is owned individually, while land and common elements are held in joint ownership with others." 7) Vacant land" refers to a property on which there are currently no residential structures, but where regulations permit that one or more residential structures can be built. Vacant land may also include land on which an existing residential structure has not yet been assessed or land on which a residential structure is present, but owned by another entity (e.g. a mobile home in a mobile home park)."Cite: Statistics Canada. Table 46-10-0041-01 Owners of two properties: types of properties ownedhttps://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=4610004101