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December 17, 2025TERANET-NATIONAL BANK HOUSE PRICE INDEX, NOVEMBER 2025 Monthly (November 2025 vs October 2025, seasonally adjusted)
Halifax resale home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), rose 1.30% from October to November. This was the largest gain among the major 11 urban centres.
The composite 11-city index of resale house prices increased by 0.40%, with gains in seven cities. Ottawa reported the fastest decline.
Year-over-year (November 2025 vs November 2024)
Halifax resale home prices were up 2.4% year-over-year. Prices for the 11-city composite index were down 2.8% despite gains in eight of 11 urban centers. Québec City reported the fastest pace of growth over November 2024 while the fastest decline was in Toronto.
Year-to-date (January-November 2025 vs January-November 2024)
Halifax home prices were up 4.6% in the first eleven months of 2025 when compared with the same period in 2024. The 11-city index in resale home prices was down 0.7% in the first eleven 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 November 2025, the national index saw a seventh consecutive year-over-year decline. Year-over-year house price growth in Halifax has outpaced national gains in each of the last 19 months.
Montréal set new highs for resale house prices in November.
Source: Teranet-National Bank
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