The latest analysis of 39 new-construction sales across Halifax Regional Municipality shows a market defined by pricing precision, geographic variability, and clear differences in builder strategy. While overall activity remains steady, performance is not uniform; certain communities are commanding premium values while others are experiencing slower absorption and increased price sensitivity.

Across HRM, the median days on market (DOM) for new construction is 37 days, with an average cost of $321 per square foot. These metrics establish a baseline, but deeper examination reveals three distinct behavior patterns within the market.

*Stats from NSAR Nov 2025

Market Velocity: Three Distinct Absorption Patterns

Rapid Absorption (0–30 Days)

Thirty-eight percent of all sales fell into this category, with nine properties selling immediately upon listing.
This reflects:
• well-aligned pricing,
• high-demand locations, and
• strong builder reputation and buyer trust.

Communities such as Three Mile Plains and Beechville continue to attract consistent, swift activity.

Standard Marketing Period (31–70 Days)

Thirty-six percent of homes landed in this range.
These properties follow a typical new-construction sales cycle, where buyers complete due diligence and builders maintain disciplined pricing.
Sale-to-list ratios in this window typically remain strong.

Extended Inventory (71+ Days)

Twenty-six percent of homes exceeded 70 DOM, with four surpassing 100 days.
Extended DOM often signals misalignment in:
• pricing,
• community desirability, or
• product specifications.

One property currently at 329 DOM highlights the need for immediate repositioning.
These homes present negotiation opportunities for well-qualified buyers, particularly when builders face carrying costs or nearing completion deadlines.

Geographic Pricing Breakdown: Price Per Square Foot Across HRM

Price performance varies dramatically by region, with spreads exceeding $200/sqft between premium and value communities.

Upper Sackville – $450.33/sqft
Represents the upper boundary for suburban new construction.
While based on a single sale, it underscores the market’s willingness to pay premium prices for high-quality product.

Mount Uniacke – $418.50/sqft
Strong performance driven by builder quality and competitive value relative to HRM core areas.

Three Mile Plains – $374.44/sqft
Highly attractive to value-oriented buyers; absorption is near immediate.

Beechville – $309–314/sqft
One of HRM’s most stable and reliable new-construction submarkets, featuring builders with proven market acceptance.

Beaver Bank – $259–319/sqft
Entry-value positioning with slower absorption times.
This market is highly price-sensitive, creating negotiation potential for buyers seeking affordability.

These geographic pricing distinctions reinforce the importance of community-specific analysis when evaluating new construction.

Builder Performance: Speed, Strategy, and Market Positioning

Builder outcomes show substantial variability, reflecting differing approaches to pricing, product delivery, and market strategy.

Highest Velocity Builders

Almadina International – Avg DOM: 5 days; Avg $/sqft: $313.28
Exceptional absorption driven by accurate pricing and strong buyer confidence.

ATN Group – Avg DOM: 16 days; Avg $/sqft: $304.57
Consistent results across multiple transactions, supported by desirable communities and competitive pricing.

Ramar Construction – Avg DOM: 19 days; Avg $/sqft: $293.89
Performs well in premium suburban areas with efficient, well-positioned product offerings.

Mid-Velocity Builder

Provident Holdings – Avg DOM: 41 days; Avg $/sqft: $271.88
Stable sales in Herring Cove, appealing to a specific buyer segment seeking community-driven living.

Value-Positioned Builder

Orkid Homes – Avg DOM: 99 days; Avg $/sqft: $278.20
Focuses on volume and competitive pricing.
Extended DOM suggests potential for buyer negotiation, especially on nearing-completion inventory.

Strategic Insights for Buyers and Investors

Geographic Value Opportunities

Price-per-square-foot disparities highlight potential for strategic acquisitions in communities poised for growth, particularly where infrastructure expansion is underway.

Builder Relationships Create Leverage

High-velocity builders often offer advantages such as:
• pre-construction access,
• preferred pricing, or
• superior lot selection
— especially to repeat purchasers.

Extended DOM Creates Negotiation Windows

Homes over 70 DOM often reflect market friction.
Buyers prioritizing value over customization may secure favourable terms as builders seek to reduce carrying costs.

Pricing Accuracy Determines Outcomes

The data reinforces that properly priced homes sell quickly and close near list price.
Overpricing remains the leading contributor to extended market exposure.

Halifax’s new-construction market continues to evolve with increased sophistication and segmentation. Communities and builders that align product, pricing, and buyer expectations are achieving rapid absorption. Meanwhile, extended DOM properties illustrate areas where buyers can strategically negotiate.

Understanding these patterns allows both buyers and industry professionals to make informed decisions grounded in objective market data.

Authored by Sandra Pike, REALTOR®
The Pike Group, Royal LePage Atlantic
One of Halifax’s Top Resale Listing Agents Since 2016
Data-Driven Market Insights and Real Estate Commentary