New Constructions Feb 2026
February 2026
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. 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. Distribution of 64 confirmed sales across price segments — list price basis. 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. 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. 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. * 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. 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. Absorption rate calculated as sales ÷ (sales + active listings). Ranked by sales volume. 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.
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
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
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