A lot has happened in Halifax's real estate market in 2025.. The number of homes for sale almost doubled, days on market for listings increased, you're seeing more and more price reductions from listing sitting on the market, and homebuyers are realizing that they hvae negotiating power in the current real estate market.
And yet, Halifax home prices remain at all time highs!
So what does it all mean for 2026?
Well in 2026 we have a signficant number of mortgages up for renewal. These homes were typically purchased in 2021, and at that time these mortgages were locked into 5 year fixed rate mortgages at 1.5 to 2% interest rates. When the renewal comes up in 2026, all of these mortgages will be in and around the 4% interest rate mark.
How will that affect homeowners monthly income? Will it cause a strain and make them have to sell their home to downsize? Halifax could see a number of homes come to market that need to be sold to help the homeowners stay above water.
Also happening in 2026, Halifax will have the most completed apartment units since the 1970s, that's right. You're going to be getting a significant number of new apartments that need to be leased.
So with this happening, will the rush of new supply and options for homeowners, downsizers, and renters cool the demand on the Halifax real estate market? Will this make home prices soften? And what about the current trends we're seeing in Halifax real estate with days on market up, inventory (number of homes for sale) up, and homebuyers understanding that they have leverage to negotiate.
Matt Legatto is back on the Halifax Real Estate Podcast to help me break it down!
Jason Paul
902-220-7357
[email protected] @jasonpaulhalifaxrealtor
Matt Legatto
902-240-3304
[email protected]