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October 24, 2025NEW HOUSING PRICE INDEX, SEPTEMBER 2025 Monthly (September 2025 vs August 2025)
New housing prices in Nova Scotia declined 0.08% from August to September 2025. Nationally the price of new houses declined 0.16%, with four provinces reporting declines and three provinces reporting growth from the previous month. Ontario posted the largest decline and Québec posted the largest increase.
Year-over-year (September 2025 vs September 2024)
Nova Scotia’s new housing prices increased 4.5% from September 2024 to September 2025. Nationally, prices were down 1.8%.
New housing prices increased year-over-year in seven provinces, led by Nova Scotia. Ontario, Alberta and British Columbia reported declines.
Halifax new home prices increased 4.5% year-over-year in September 2025. Among Census Metropolitan Areas, new housing prices were down year-over-year in fifteen cities, with Toronto and London reporting the largest declines. Québec City and Halifax reported the largest year-over-year gains.
Year to date (January-September 2025 vs January-September 2024)
In the first nine months of 2025, Nova Scotia's new housing price index was 4.5% higher compared to the same period in 2024, the fastest increase among provinces. Nationally, new housing prices were down 0.8% year-to-date with gains in eight provinces. Year-to-date declines in new housing prices were reported in Ontario (fastest) and British Columbia.
Halifax new housing prices were up 4.5% in January-September 2025 compared to January-September 2024. The fastest growth among CMAs was in Québec City and the fastest declines were in London and Toronto.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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