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January 20, 2026TERANET-NATIONAL BANK HOUSE PRICE INDEX, DECEMBER AND ANNUAL 2025 Monthly (December 2025 vs November 2025, seasonally adjusted)
Halifax resale home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), dropped 1.0% from November to December.
The composite 11-city index of resale house prices edged down 0.02%, despite gains in six cities. Ottawa reported the fastest gain while Hamilton reported the fastest decline.
Year-over-year (December 2025 vs December 2024)
Halifax resale home prices were up 0.5% year-over-year. Prices for the 11-city composite index were down 3.5% despite gains in seven of 11 urban centers. Québec City reported the fastest pace of growth over December 2024 while the fastest declines were in Toronto and Hamilton.
Annual average (2025 vs 2024)
Halifax home prices were up 4.2% comparing the average values of 2025 with the average for 2024. The 11-city index in resale home prices was down 1.0% in 2025. Every city in the index except Toronto, Hamilton and Vancouver reported gains in 2025 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 December 2025, the national index saw its eighth consecutive year-over-year decline. Since January 2019, year-over-year Halifax resale home price growth has outpaced the national composite in all but four months.
Edmonton, Winnipeg and Ottawa set new highs for resale house prices in December.
Looking at annual averages of the Teranet-National Bank House Price Index for Halifax, growth has slowed in 2025 after accelerating in 2024.
Source: Teranet-National Bank
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