Halifax Real Estate Prices Just Made The Second-Biggest Drop On Record

Greater Halifax real estate may be running out of luck. Canadian Real Estate Association (CREA) data shows a six-year high for new listings in September. Sales also rose, but couldn’t prevent the second-largest monthly price drop on record. Halifax Home Prices Post Second-Largest Monthly Drop On Record The price of a typical home sold through the MLS across Halifax-Dartmouth. Source: CREA; Better Dwelling. Greater Halifax home prices fell sharply last month. The price of a typical home dropped 3.9% (-$22.1k) to $541,700 in September, leaving prices 4.1% (-$23.4k) below last year. In dollar terms, it was the second-largest monthly drop on record, only beaten by the May 2022 plunge after rate hikes began. Prices are now 5.4% (-$31.0k) below the May 2026 record high, bringing them to their lowest level since December 2024. Home Sales Rise But Remain Below Pre-Pandemic Volumes Halifax-Dartmouth home sales through the MLS in September. Source: CREA; Better Dwelling. Existing home sales rose but remain tepid. A total of 434 homes sold in September, up 4% from last year but still well below pre-pandemic levels. Rising sales aren’t an obvious driver of falling prices, but volumes remain we...