Nova Scotia housing market: prices, building and jobs

Nova Scotia's new home prices changed +0.8% over a year, and unemployment is 6.3%. Reading: balanced market.

New home prices, 1 year

+0.8%

6 months +0.6%

Housing starts, 1 year

-6%

latest 5.5k (annual rate)

Unemployment

6.3%

+0.1 points in a year

Reading

Balanced market

simple rule on official data

What the numbers say

Prices flat (+0.8% over a year).
Unemployment is steady at 6.3%.
New building -6% over a year (less new supply coming).
Nationally: The policy rate is unchanged over six months at 2.25%.

Prices are Statistics Canada's New Housing Price Index (new homes only; resale prices by province need a CREA licence). Latest data: 2026-08-01.

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Updated October 21, 2026, 10:02 UTC. Sources: Statistics Canada, CMHC via Statistics Canada. Educational information only - not financial advice.