Population of Halifax
Halifax is currently Canada's second-fastest growing city. The metro area population of Halifax grew to approximately 423,000 over the past couple of years, with the population of Nova Scotia just over a million people. 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 suddenly put Halifax, and Nova Scotia as a whole, on the map as 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 beginning in mid-2020 and continuing into 2024.
That lack of inventory, plus the population increase, created a long list of buyers eager to find a home. There are fewer affordable places to rent, keeping people in their homes longer than pre-covid. As we enter 2025, there is some flux in the market as buyers hope the interest rate will continue to drop, and as sellers keep prices high and hope for competing bids.
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 the latest housing market data for Canada here.