Population of Halifax
At the end of 2021 the population of Nova Scotia surpassed a million for the first time. The municipal population of Halifax grew to approximately 440,000, with approximately 349,000 of these people living in the urban parts of the city. As the capital city of Nova Scotia, Halifax is also the largest city in Atlantic Canada. You know why you've made the decision to live here - Susan will help you find a home to live in.
The covid-19 pandemic made Halifax, and Nova Scotia as a whole, a desirable place to live. This drove people from across the country to choose to move to Nova Scotia. This influx, on top of already strong immigration numbers, and a reluctance for many to sell during a pandemic, caused a lack of inventory and it became a hot Seller's market from mid-2020 into the first part of 2022.
With a reduction in covid cases, an increase in interest rates, and more homes on the market, by mid-2022 we started to see homes sit a little bit longer on the market. Those homes priced from approximately $250,000-$350,000 were still in hot demand, often still with competing bids, but those with higher listing prices started to take a bit longer to sell.
Housing Market in Halifax
Learn more about Halifax
A great resource to learn more about Halifax is the Halifax Partnership. They offer information on what's happening in the city for work, tips for getting connected, and lots of resources, including those related to housing.
CMHC, the Canadian Mortgage and Housing Corporation, publishes statistics on housing, comparing cities across the country, including purchasing and renting properties. Find their Housing Market Assessment here.