Halifax
Nova Scotia
Statistics Canada geography code 1209034 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Average rent
$1,826
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
2.7%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+18.5% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138979598) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Government24% of local drivers
Provincial capital and the federal government’s Atlantic regional centre, concentrating public administration for the whole region.
- Military / Defence20% of local drivers
CFB Halifax is the largest Canadian Forces base and home port of the Atlantic fleet, and Irving Shipbuilding’s combat ship program runs on a multi-decade federal contract.
- Health Care16% of local drivers
The QEII Health Sciences Centre is the tertiary referral centre for the Maritimes.
- Education14% of local drivers
Dalhousie University, Saint Mary’s and several smaller institutions give Halifax an unusually high student share.
- Transportation12% of local drivers
The Port of Halifax is an ice-free deep-water container port and the first inbound call from Europe and Suez.
- Construction8% of local drivers
Residential construction responding to the fastest population growth the province has recorded.
- Tourism6% of local drivers
Cruise traffic and a concentrated summer visitor season.
Rental market
Average rent
$1,826
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
2.7%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $1,826 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 480,216 | observed | high | Statistics Canada |
| population | 2021 | 459,543 | observed | high | Statistics Canada |
| population | 2020 | 450,605 | observed | high | Statistics Canada |
| population | 2019 | 439,536 | observed | high | Statistics Canada |
| population | 2018 | 429,613 | observed | high | Statistics Canada |
| population | 2017 | 421,435 | observed | high | Statistics Canada |
| population | 2016 | 413,743 | observed | high | Statistics Canada |
| population | 2015 | 407,758 | observed | high | Statistics Canada |
| population | 2014 | 406,805 | observed | high | Statistics Canada |
| population | 2013 | 405,358 | observed | high | Statistics Canada |
| rent change pct | — | 6.7% | observed | high | Canada Mortgage and Housing Corporation |
| unemployment rate | 2024 | 5.5% | observed | high | Statistics Canada |
| unemployment rate | 2023 | 5.5% | observed | high | Statistics Canada |
| unemployment rate | 2022 | 4.9% | observed | high | Statistics Canada |
| unemployment rate | 2021 | 7.6% | observed | high | Statistics Canada |
| unemployment rate | 2020 | 8.8% | observed | high | Statistics Canada |
| unemployment rate | 2019 | 5.8% | observed | high | Statistics Canada |
| unemployment rate | 2018 | 6.1% | observed | high | Statistics Canada |
| unemployment rate | 2017 | 6.8% | observed | high | Statistics Canada |
| vacancy rate | — | 2.7% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.