The price of a home in Halifax fell by half a percentage point this spring compared to last year as the Canadian housing market shook off a sluggish winter, according to a new report from Royal LePage. The 2026 home price update found the aggregate cost of a Halifax home is $528,600, which is down from this time last year, but up 0.6 per cent compared to earlier in 2026. “Our spring market got off to a delayed start compared to previous years, with momentum not building until late April,” said Matt Honsberger, broker and owner with Royal LePage Atlantic, in a news release. “Lingering winter weather, interprovincial transfer taxes, and broader economic uncertainty all weighed on the market’s natural seasonal lift. “As activity picked up, new listings followed, but a general sense of hesitation has taken hold. Consumers are not entirely disinterested, but the absence of urgency is keeping inventory well stocked.” According to the report, the median price of a single-family detached home in Halifax is $605,600 while the median cost of a condominium is $399,100. “A late spring should translate into a more active summer than usual, with July likely bringing more listings – and more buyers – to the market,” Honsberger said. “Flat rental costs remain a persistent challenge, dampening the urgency for renters to transition into ownership.” Honsberger also noted inflation has taken a toll on homebuyers in the last 12 months. Royal LePage is forecasting the aggregate price of a Halifax home will grow by four per cent by the end of the year, reaching $532,168. “It’s a lot more balanced right now,” said real estate agent Steve Carr. “There’s a lot more inventory than we saw post-pandemic. There’s a lot more room for buyers to make much more informed decisions.” With files from CTV News Atlantic’s Jonathan MacInnis For more Nova Scotia news, visit our dedicated provincial page
