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November 19, 2025TERANET-NATIONAL BANK HOUSE PRICE INDEX, OCTOBER 2025 Monthly (October 2025 vs September 2025, seasonally adjusted)
Halifax resale home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), fell 1.20% from September to October. This was the largest decline among the major 11 urban centres.
The composite 11-city index of resale house prices increased by 0.38%. There were gains in nine cities, led by Québec City. Montreal and Halifax reported the only declines.
Year-over-year (October 2025 vs October 2024)
Halifax resale home prices were up 2.4% year-over-year. Prices for the 11-city composite index were down 2.6% despite gains in eight of 11 urban centers. Québec City reported the fastest pace of growth over October 2024 while the fastest decline was in Toronto.
Year-to-date (January-October 2025 vs January-October 2024)
Halifax home prices were up 4.8% in the first ten months of 2025 when compared with the same period in 2024. The 11-city index in resale home prices was down 0.5% in the first ten months of 2024. Every city in the index except Toronto, Hamilton and Vancouver reported gains in year-to-date average home prices, with Québec City reporting the largest increase.
Trends
Halifax resale home prices have reported positive year-over-year growth throughout 2024 and 2025. In October 2025, the national index saw a sixth consecutive year-over-year decline. Year-over-year house price growth in Halifax has outpaced national gains in each of the last 18 months.
Winnipeg and Québec City set new highs for resale house prices in October.
Source: Teranet-National Bank
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