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…

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 ...).

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.

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.

This table contains data on the number, living area, and assessment value per square foot of residential properties, by property type and period of construction, for the provinces of Nova Scotia, Ontario and British Columbia, their census metropolitan areas (CMAs) and census subdivisions (CSDs).

This table contains data on the number, living area, and assessment value per square foot of residential properties, by property type and period of construction, for the provinces of Nova Scotia, Ontario and British Columbia, their census metropolitan areas (CMAs) and census subdivisions (CSDs).

The rental vacancy rate of apartments in Nova Scotia in Canada increased slightly in 2023. Approximately *** percent of the rental apartment in that year were vacant. The average vacancy rate in Canada, on the other hand was slightly higher.

This table contains data described by the following dimensions (Not all combinations are available): Geography (11 items: Canada; Prince Edward Island; Nova Scotia; Newfoundland and Labrador ...), Type of unit (5 items: Total units; Semi-detached units; Row units; Single-detached units ...), Type of market (5 items: Homeowner; Condo; Co-op; Rental ...).

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.

Municipal property taxes are set by the council of each municipality and help fund a variety of municipal services and programs provided by the municipality. There are two different types of tax rates: residential and commercial. All tax rates are applied per $100 of taxable property assessment value. Municipal tax revenue is calculated by multiplying the property assessment value by the applicable tax rate per $100 of assessment value.

Price-To-Cashflow-Ratio Time Series for Killam Apartment Real Estate Investment Trust. Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.5 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increase earnings from its existing portfolio; 2) expand the portfolio and diversify geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets; and 3) develop high-quality properties in its core markets.

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.

Poland Consumer Price Index (CPI): NS: Housing, Water, Electricity and Fuels (HWF) data was reported at 102.600 Same Mth PY=100 in Jun 2018. This records an increase from the previous number of 102.400 Same Mth PY=100 for May 2018. Poland Consumer Price Index (CPI): NS: Housing, Water, Electricity and Fuels (HWF) data is updated monthly, averaging 104.300 Same Mth PY=100 from Jan 1999 (Median) to Jun 2018, with 224 observations. The data reached an all-time high of 113.900 Same Mth PY=100 in Oct 2000 and a record low of 98.900 Same Mth PY=100 in May 2016. Poland Consumer Price Index (CPI): NS: Housing, Water, Electricity and Fuels (HWF) data remains active status in CEIC and is reported by Central Statistical Office. The data is categorized under Global Database’s Poland – Table PL.I007: Consumer Price Index: Same Month Previous Year=100: by Social Groups.

This table contains 36 series, with data for years 1986 - 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 (8 items: Montréal; Quebec; Halifax; Nova Scotia; Ottawa; Ontario; Seven metropolitan area composite ...), Major sub-trade group (5 items: Total; major sub-trade groups; Architectural trades; Mechanical trades; Structural trades ...).

Poland Consumer Price Index (CPI): NS: HWF: Actual Rentals for Housing data was reported at 104.300 Same Mth PY=100 in Oct 2018. This records an increase from the previous number of 104.100 Same Mth PY=100 for Sep 2018. Poland Consumer Price Index (CPI): NS: HWF: Actual Rentals for Housing data is updated monthly, averaging 103.900 Same Mth PY=100 from Jan 1995 (Median) to Oct 2018, with 276 observations. The data reached an all-time high of 146.100 Same Mth PY=100 in Aug 1995 and a record low of 100.900 Same Mth PY=100 in Jan 2014. Poland Consumer Price Index (CPI): NS: HWF: Actual Rentals for Housing data remains active status in CEIC and is reported by Central Statistical Office. The data is categorized under Global Database’s Poland – Table PL.I007: Consumer Price Index: Same Month Previous Year=100: by Social Groups. Including charge for cold water.

Symbol legend: .. not available for a specific reference period ... not applicable x suppressed to meet the confidentiality requirements of the Statistics Act A data quality: excellent Footnotes: 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 2016 census subdivisions boundaries. 3 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. 4 The Composite Quality Indicator (CQI) shown in this table is created by combining many individual quality indicators, each one representing the quality of different Canadian Housing Statistics Program (CHSP) data processing steps (for example: coding, geocoding, linkage and imputation) and includes the following values: A - Excellent: All domain variables and the variable of interest are of excellent quality. B - Very good: All domain variables and the variable of interest are of very good to excellent quality. C - Good: Geography quality is considered good while all other domains variables and the variable of interest are of very good to excellent quality. D - Acceptable: Geography and period of construction variables are of acceptable quality while all other domains variables and the variable of interest are of good to excellent quality. E - Use with caution: Several of domain variables or the variable of interest are of poor quality. F - Too unreliable to be published. The CQIs are available starting with the reference period of 2020, except for the Northwest Territories where they are available from 2019 reference period. 5 Assessment value and assessment value per square foot estimates for the most recent period of construction (2016 to reference period) are suppressed for Ontario due to the availability of these data. 6 Nova Scotia estimates are not available for the reference periods 2018 and 2019. 7 Ontario estimates for the 2018 reference period have been revised. 8 New Brunswick estimates are not available for the reference periods 2018 and 2019. 9 British Columbia estimates for the 2018 reference period have been revised. 10 Property type" refers to property characteristics and/or dwelling configuration on which there can be one or more residential structures. Property types include: single-detached houses semi-detached houses condominium apartments mobile homes other property types11 Estimates by property type in Newfoundland and Labrador are only available in the census subdivision of St. John’s. 12 Estimates by property type in Northwest Territories are not available. 13 Estimates by property type in Nunavut are not available. 14 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." 15 Estimates by period of construction in Northwest Territories are not available. 16 Estimates by period of construction in Nunavut are not available. 17 Estimates by residency participation in Yukon are only available in the census subdivision of Whitehorse. 18 Newfoundland and Labrador estimates are not available at the provincial level and for the category “Outside of census metropolitan areas (CMAs) and census agglomerations (CAs)”. 19 Northwest Territories estimates are available only for the 2019 reference period. 20 Northwest Territories estimates are only available in the census agglomeration of Yellowknife. 21 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. 22 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. 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 portion's value has been taken into account. The reference years of the assessment values by province or territory are available here: Canadian Housing Statistics Program (CHSP)." 23 Averages and medians are calculated using properties with non-missing or non-zero values when there is no imputation available for the variables of interest (for example assessment value, total living area, and assessment value per square foot).

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.