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January 30, 2026NEW CONDOMINIUM APARTMENT PRICE INDEX, Q4 2025 Compared with Q4 2024, Halifax's new condominium prices were down 0.5%. Condo prices declined 3.1% in the 9-city composite index with five cities reporting declines, led by Toronto and Vancouver. The largest gains were in Québec City and Montréal.
Compared with the average of 2017, new condominium prices in the Halifax market were 20.8% higher as of Q4 2025. This was slower than the growth over this period at the national level (23.6%), but faster than in Calgary, Edmonton, Québec City and Vancouver.
Notes: Statistics Canada's New Condominium Apartment Price Index reports prices for condominiums in apartment-style structures for 9 Census Metropolitan Areas (CMAs): Halifax, Montréal, Québec City, Ottawa (Ontario part), Toronto, Calgary, Edmonton, Vancouver and Victoria. Data are not seasonally adjusted. As described by Statistics Canada, "The New Condominium Apartment Price Index (NCAPI) is a quarterly series that measures changes over time in the developers' selling prices of units in newly-built apartment-style condominiums, where detailed specifications pertaining to each unit remain comparable between two consecutive periods. The NCAPI is computed using a unit-value approach, wherein the price of a unit is standardized by its square-footage to give a price per square foot. Quality adjustments are made prior to calculating these unit prices in order to produce a constant-quality index."
Source: Statistics Canada. Table 18-10-0273-01 New condominium apartment price indexes, by census metropolitan area; Technical Guide for the New Condominium Apartment Price Index (NCAPI)