Real Estate & Housing

In August 2025, Nova Scotia’s housing market showed resilience despite a modest decline in sales. The number of homes sold fell by 2.1 % year-over-year, yet average prices rose by 7.1 %. The province continues to attract buyers from outside due to relative affordability and growing inventory levels.

Ontario experienced a sharp decline in new housing construction during the first half of 2025, with housing starts falling by 25% compared to the same period in 2024. Toronto saw the steepest drop, while Ottawa showed surprising growth. The slowdown poses challenges for affordability, provincial housing targets, and the broader economy.