Government of Nova Scotia, Canada
Header - Service Directory

Use the Services Directory to quickly access information on all of the services provided by the NS Department of Finance.

Home > Economics and Statistics > Archived Daily Stats > Selected Archived Daily Stats Article
The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.

<--- Return to Archive

For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

July 20, 2020

In June 2020, Halifax home prices as measured by the Teranet-National Bank House Price Index increased 2.7 per cent from the previous month. Home prices were up 11.8 per cent compared to June 2019, the largest year-over-year increase on record for the Halifax housing price index.

Compared to May 2020, monthly resale home prices increased 0.7 per cent for the 11-city composite of the Teranet-National Bank House Price Index. The largest monthly increases were reported in Halifax (2.7%), Winnipeg (1.8%) and Hamilton (1.7%). Monthly declines were reported in Edmonton (-0.7%) and Calgary (−0.1%).

Teranet-National Bank noted a continued slowing of the housing market due to Covid-19, with the number of repeat sales entering into the index down 22 per cent year-over-year in May, and 24 per cent in June. The raw composite index for June after seasonal adjustment was down 1.1 per cent.

National year-over-year price growth slowed to 5.9 per cent in June 2020, after ten consecutive year-over-year increases in the monthly 11-city composite index. Year-over-year price growth in Halifax accelerated for a third consecutive month to 11.8 per cent, following a 10.5 per cent increase in May 2020.

Year-over-year housing price increases were reported in 9 of 11 major metropolitan markets, with the largest increases in Ottawa-Gatineau (13.0%), Halifax (11.8%), Montreal (10.3%), Toronto (9.1%) and Hamilton (8.4%). Compared to June 2019, housing prices were down in Edmonton (−2.4%) and Calgary (−1.3%).

 Source: Teranet-National Bank



<--- Return to Archive