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February 19, 2026TERANET-NATIONAL BANK HOUSE PRICE INDEX, JANUARY 2026 Monthly (January 2026 vs December 2025, seasonally adjusted)
Halifax resale home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), rose 1.98% from December 2025 to January 2026, the fastest gain among cities.
The composite 11-city index of resale house prices dropped 0.45%, with declines in seven cities. Ottawa reported the fastest decline.
Year-over-year (January 2026 vs January 2025)
Halifax resale home prices were up 2.1% year-over-year. Prices for the 11-city composite index were down 3.9% despite gains in seven of 11 urban centers. Québec City reported the fastest pace of growth over January 2025 while the fastest decline was in Toronto.
Trends
Halifax resale home prices have reported positive year-over-year growth throughout 2024 and 2025. In January 2026, the national index saw its ninth 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.
Montréal and Québec City set new highs for resale house prices in January.
Source: Teranet-National Bank
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