Atlantic Canada’s real estate market is showing mixed results in 2025.
Some cities are booming, while others are cooling down. According to Mortgage Professional America (MPA Magazine, September 2025), prices are up in Halifax and Newfoundland, but down in Cape Breton.
Halifax-Dartmouth: Prices Up 5.8%
Halifax remains one of the most in-demand cities on the East Coast.
- Average home price: $603,650
- Year-over-year change: +5.8%
Even with higher interest rates, buyers are still competing for homes.
Population growth, new jobs, and limited listings are keeping prices strong.
(Source: MPA Magazine)
Cape Breton: Prices Down 12%
Cape Breton is seeing the biggest slowdown in Atlantic Canada.
- Average home price: $249,142
- Year-over-year change: -12%
More listings and fewer buyers have made it a buyer’s market.
It’s still one of the most affordable places in Canada, especially for retirees and remote workers.
(Source: MPA Magazine)
Newfoundland & Labrador: Prices Soar 12.2%
Newfoundland’s market is heating up fast.
- Benchmark price growth: +12.2% year-over-year
- Active listings: Down 23%
Low supply and new energy projects are driving demand.
More buyers from across Canada are looking east for value and lifestyle.
(Source: MPA Magazine)
What It Means for You
- Buyers: Halifax and Newfoundland are competitive. Cape Breton may offer the best deals.
- Sellers: It’s a strong market in urban areas but slower in smaller towns.
- Investors: Rental demand remains solid, especially in Halifax and St. John’s.
Summary
Atlantic Canada’s housing market is divided but resilient.
Halifax and Newfoundland are growing fast, while Cape Breton offers a rare window of affordability.
Even with high interest rates, the East Coast continues to attract buyers looking for space, lifestyle, and better value than the big cities.
References:
- Mortgage Professional America – Atlantic Canada Real Estate Update (Sept 2025)
- WOWA.ca – Canada Housing Market Report
Canada Housing Market 
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