Sandra Pike | Selling your home in Halifax :: New Constructions Feb 2026

Executive Summary

A Market in Motion

February 2026 delivered a robust new construction market across Nova Scotia, with 64 confirmed sales recorded against 135 new listings — establishing a provincial sell-through rate of approximately 47%. The Halifax Metro Area dominated activity, accounting for 40 of 64 provincial sales (63%), with a local average list price of $771,631 among sold properties. Median pricing held firm at $659,900 provincially and $714,900 within the metro. Key demand corridors — Timberlea/Prospect/St. Margaret's Bay, Dartmouth Montebello/Port Wallace/Keystone, and Beaverbank/Upper Sackville — drove volume, while targeted districts such as Dartmouth Montebello, Bedford, and Kings County achieved 50% absorption rates. Builder performance varied meaningfully: Cresco Construction and Ramar Construction led in unit volume, while Marchand Homes commanded the highest average price point at $892,108. Active inventory of 105 properties provides a moderately constrained supply backdrop, suggesting continued pricing firmness in well-located communities.

New Listings (Feb)

135

Provincial, all types

Confirmed Sales

Closed transactions

Active Inventory

105

+ 10 conditional

Median List Price (Sold)

$659K

Provincial

Pricing Intelligence

Market Pricing Snapshot

Sold Properties — Provincial

Median List Price $659,900

Average List Price $655,247

Price Range $244,500 – $1,699,900

Avg. Price / Sq. Ft. $330

Avg. Finished Sq. Ft. 1,997

Active Inventory — Provincial

Median List Price $639,900

Average List Price $659,937

Price Range $223,900 – $1,900,000

Days on Market

Velocity & Absorption

Average DOM (Sold) 94 days

Median DOM (Sold) 30 days

Conditional Sales Count 10

Avg. DOM — Conditional 17 days

Provincial Sell-Through Rate ~47%

Analyst Note

The divergence between average DOM (94 days) and median DOM (30 days) signals a bifurcated market: well-priced, strategically located product moves quickly, while overpriced or lower-demand inventory lingers. Conditional sales averaging just 17 DOM indicate confident buyer conviction in active purchase decisions.

Price Distribution

Sales Volume by Price Tier

Distribution of 64 confirmed sales across price segments — list price basis.

Under $400K

11 sales

$400K – $600K

15 sales

$600K – $800K

23 sales

$800K – $1M

12 sales

$1M+

3 sales

Market Concentration

The $600K–$800K segment captured the largest share of February sales at 36% of volume, reinforcing this range as the core sweet spot for new construction demand in Nova Scotia. The sub-$400K and $1M+ segments each represent the market's extremes — affordable product in outlying areas and luxury builds, respectively — together accounting for just 22% of transactions.

Geographic Focus

Halifax Metro Area

Metro Sales 40 of 64 provincial

Metro Share of Sales 63%

Metro Average List Price (Sold) $771,631

Metro Median List Price (Sold) $714,900

Metro Average DOM (Sold) 71 days

Metro Active Listings 79

Premium Context

Halifax Metro commands a $116K premium over the provincial median sold price — reflecting sustained land value, infrastructure investment, and in-migration demand pressure that continues to differentiate the capital region from rural Nova Scotia markets.

Property Composition

Product Type Breakdown

Sold — February 2026

Single Family

Cottage / Rec.

Mobile / Mini

Duplex

Active Inventory — Feb 2026

Single Family

Mobile / Mini

Condominium

Duplex

Builder Performance

Top Builders by Sales Volume

Ranked by confirmed sales transactions closed through February 2026. Selling prices are held confidential per MLS® protocol; list price used as proxy. ATN Group consolidated across entity variations.

Rank	Builder	Sales	Avg. List Price	Avg. DOM	Avg. Sq. Ft.	Avg. $/Sq. Ft.
1	Cresco Construction Limited	7	$765,471	107	2,326	$339
2	ATN Group Ltd	6	$726,567	—*	2,472	$294
2	Ramar Construction Limited	6	$743,917	38	2,285	$335
4	Marchand Homes	3	$892,108	284	2,346	$398
4	Rooftight Construction Limited	3	$676,567	46	2,187	$311
6	Nexus Construction Limited	2	$689,900	78	2,643	$261
6	Amara Developments Inc.	2	$764,900	58	2,154	$360

* ATN Group DOM recorded as 0 — indicates pre-sale or firm-at-listing transactions. Selling prices held confidential per MLS® protocol; list price used as pricing proxy throughout.

Builder Spotlight

Marchand Homes commanded the highest average list price at $892,108 and the highest price-per-square-foot at $398 — reflecting a premium luxury positioning. Their 284-day average DOM suggests a patient, selective buyer profile. Ramar Construction demonstrated the strongest market velocity among high-volume builders, achieving 38-day average DOM at $743,917 — a combination of price discipline and product-market fit. ATN Group Ltd. (consolidated) achieved 6 sales at 0 DOM, indicative of pre-sale absorptions prior to listing — a sophisticated inventory management strategy.

Geographic Analysis

District Performance & Absorption

Absorption rate calculated as sales ÷ (sales + active listings). Ranked by sales volume.

District	Listed	Sold	Absorption Rate	Market Signal
40 — Timberlea, Prospect, St. Margaret's Bay	19	11	36.7%	Strong — Lead market
14 — Dartmouth Montebello, Port Wallace, Keystone	9	9	50.0%	Balanced — High demand
105 — East Hants / Colchester West	18	5	21.7%	Supply-heavy
Kings County	5	5	50.0%	Balanced — Steady demand
26 — Beaverbank, Upper Sackville	11	5	31.2%	Active — Solid demand
104 — Truro / Bible Hill / Stewiacke	15	4	21.1%	Supply-heavy
21 — Kingswood, Haliburton Hills, Hammonds Plains	11	4	26.7%	Active — Pricing pressure
405 — Lunenburg County	5	4	44.4%	Strong — Niche demand
30 — Waverley, Fall River, Oakfield	11	3	21.4%	Supply-heavy
20 — Bedford	2	2	50.0%	Tight — Low supply
35 — Halifax County East	3	2	40.0%	Active — Emerging
7 — Spryfield	7	2	22.2%	Supply-heavy

Geographic Insight

Three districts achieved 50% absorption — Dartmouth Montebello/Port Wallace/Keystone, Kings County, and Bedford — indicating demand is absorbing supply at the same pace it enters the market. These are the province's most efficiently functioning new construction sub-markets in February. By contrast, East Hants/Colchester West, Truro/Bible Hill/Stewiacke, and Waverley/Fall River all recorded absorption rates below 22%, reflecting a supply overhang that may create downward pricing pressure without demand acceleration.