2026 Q2 · Nova Scotia

Halifax Home Appraisal Market Report

Atlantic in-migration leader; supply still constrained; relocation appraisal volume above historical norms.

Snapshot

Key benchmarks

Benchmark detached

$568K

+4.2% YoY

Benchmark condo apartment

$456K

+2.6% YoY

Months of inventory

2.3

−0.4 YoY

Sales-to-new-listings ratio

62%

+4pts YoY

Avg days on market

−3 days YoY

What it means for appraisals

Implications this quarter

•PVSC CAP can create wide gap between assessed and market — be careful comparing.
•Non-resident provincial property tax assessment-value driven — review opportunity.

Order mix

Why people order in Halifax

Relocation26%

Purchase mortgage24%

Refinance20%

Probate13%

Other17%

Watch items

On the horizon

•HRM deed transfer tax 1.5% — closing-cost disputes occasionally trigger appraisal scope.

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