Halifax building construction costs rise 3.4% year-over-year in Q3 2025
Statistics Canada reports that residential building construction prices in Halifax increased 3.4% between Q3 2024 and Q3 2025, slightly above the national average of 3.3%. Among 15 major urban centres, the fastest growth was recorded in Regina, Québec City, and London, while Moncton and Toronto saw the slowest increases.
Halifax’s cost growth accelerated across most residential categories, with single-detached dwellings up 4.0% and low-rise apartments up 3.6%. Costs rose more modestly for townhouses (+3.0%) and high-rise apartments (+2.8%). The strongest price pressures came from utilities, plumbing, and moisture protection materials, while fire suppression costs declined year-over-year.
Non-residential construction costs in Halifax increased 1.9%, the slowest growth among major cities, compared to 4.2% nationally. Cost inflation was highest for schools and factory projects, while office and transit-related facilities saw slower gains. Across Canada, plumbing and structural steel framing remained key cost drivers in non-residential projects.
Overall, the report suggests that Halifax’s construction market continues to face moderate cost escalation, with residential inflation outpacing non-residential trends — a factor that could affect new housing affordability and project feasibility into 2026.
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