The average house price in Nova Scotia in 2024 stood at approximately 447,800 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 one million 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 30 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.

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 2023, about 10,333 home sales took place in Nova Scotia and this figure is expected to reach 12,420 in 2025. A similar trend could be observed on a national scale, with transaction activity in Canada set to increase by 2025. 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.

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 204 series, with data for years 1981 - 2010 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (34 items: Canada; Newfoundland and Labrador; St. John's; Newfoundland and Labrador; Atlantic Region ...), New housing price indexes (3 items: Total (house and land);House only; Land only ...), Index base period (2 items: 1992=100;1997=100 ...).

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.

Comprehensive dataset of 35 Commercial real estate agencies in Nova Scotia, Canada as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The rental vacancy rate of apartments in Nova Scotia in Canada increased slightly in 2023. Approximately 1.1 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: 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 ...).

Sudan Consumer Price Index (CPI): NS: Housing data was reported at 495.630 2007=100 in Aug 2018. This records an increase from the previous number of 482.380 2007=100 for Jul 2018. Sudan Consumer Price Index (CPI): NS: Housing data is updated monthly, averaging 235.727 2007=100 from Jan 2009 (Median) to Aug 2018, with 116 observations. The data reached an all-time high of 495.630 2007=100 in Aug 2018 and a record low of 119.000 2007=100 in Jan 2009. Sudan Consumer Price Index (CPI): NS: Housing data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Sudan – Table SD.I002: Consumer Price Index: Northern States: 2007=100.

Comprehensive dataset of 45 Property maintenances in Nova Scotia, Canada as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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 ...).

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 ...).

The Canadian office real estate market, currently valued at approximately $XX million (assuming a reasonable market size based on comparable markets and the provided CAGR), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 8% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the flourishing technology sector in major cities like Toronto, Montreal, and Ottawa is fueling significant demand for modern office spaces. Secondly, increasing urbanization and population growth within these metropolitan areas are contributing to a tightening of the office supply, further pushing rental rates upward. Finally, ongoing investments in infrastructure and a generally positive economic outlook in Canada contribute to a favorable environment for real estate investment. Major players like JLL, Colliers, CBRE Canada, and Avison Young are actively shaping the market dynamics, with significant developments and acquisitions influencing market trends. However, the market is not without its challenges. Rising interest rates and economic uncertainty present potential headwinds, impacting investment decisions and potentially slowing down growth in the short term. Furthermore, the increasing adoption of hybrid work models by many companies could lead to a decrease in overall demand for traditional office spaces, though the extent of this impact remains to be seen. The market's resilience will depend on the ability of developers and landlords to adapt to these evolving workplace trends, embracing flexible lease terms and innovative building designs to attract and retain tenants. The segmentation of the market by major cities highlights the regional variations in growth, with Toronto likely remaining a dominant force due to its established financial and technological hubs. A comprehensive understanding of these dynamic factors is crucial for investors and stakeholders navigating this evolving landscape. 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 2150 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 (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 ...).

Comprehensive dataset of 27 Furnished apartment buildings in Nova Scotia, Canada as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Canada GDP: CL 2017p: Nova Scotia: Real Estate & Rental & Leasing data was reported at 7,440.000 CAD mn in 2024. This records an increase from the previous number of 7,208.700 CAD mn for 2023. Canada GDP: CL 2017p: Nova Scotia: Real Estate & Rental & Leasing data is updated yearly, averaging 5,492.300 CAD mn from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 7,440.000 CAD mn in 2024 and a record low of 3,652.900 CAD mn in 1997. Canada GDP: CL 2017p: Nova Scotia: Real Estate & Rental & Leasing data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.A029: CSMA: GDP by Industry: Chain Linked 2017 Price: by Province and Territory.

Comprehensive dataset of 43 Real estate appraisers in Nova Scotia, Canada as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

The vacancy rate of rental apartments decreased across most provinces in Canada in 2023. Prince Edward Island and Nova Scotia had the lowest vacancy rate of 1.1 percent, whereas the average for the country stood at 1.5 percent. Ontario and British Columbia had 1.7 percent and 1.2 percent of rental properties unoccupied. The two provinces were home to the most expensive rental markets in the country, Vancouver and Toronto.