Your 2025 year in review!

Just like that, another year has flown by! That means it’s time for our 2025 year in review, where we highlight the key events from the past 12 months. It was another busy year for real estate, but a feeling of calmness also started to spread across the market as well. Here’s how 2025 progressed, and how you can get yourself ready for 2026!

Halifax 2025 home buyers

For Canadian home buyers this year, the housing market experienced modest growth as well as some cooldowns. Nationally, the average selling price across all home types in Canada is sitting at around $690,195 (November 2025 – WOWA.ca). This represents a year-over-year decline of roughly 0.9 per cent. In Halifax and the surrounding Dartmouth market, though, things have been more active! This year, the average sale price in the Halifax Regional Municipality (HRM) rose to $602,837, which is a year-over-year increase of roughly 4.2 per cent (November 2025 – WOWA.ca).

What does this mean for buyers? While some markets have been showing signs of cooling down, demand remains strong in popular areas like Halifax, where prices continue to increase. Inventory remains tight, which makes proper preparation more important than ever for buying in the new year.

How can you prepare for buying in 2026?

If you are thinking about buying a home in 2026, how can you start getting yourself ready? The best thing you can do is plan ahead! Preparing early will give you a head start once we roll into the new year. Interest rates are lower than they were a year ago, having dropped 1.0 per cent since last December. For buyers, this has made mortgages a bit more affordable. Of course, this could draw in other buyers, increasing competition in the market. That’s why it’s so important to understand your budget now, and know what you can afford before you even begin your search! 

One of the best steps you can take is getting your mortgage pre-approval. This will help you determine what you might qualify for in mortgage financing, which will help guide your budget and housing hunt. Of course, your pre-approval isn’t a promise of financing, and it’s important to remain consistent in terms of maintaining good credit and keeping strong financial habits. You can always reach out to your mortgage broker for guidance on how to improve your finances, so you can be sure you are setting yourself up for success!

Updates from the Clinton Wilkins Mortgage Team

2025 was another great year for our team. We will close our 2025 with 927 units representing more than $362-million in volume in Nova Scotia.

We opened our new office in Moncton at 93 Victoria Street, and welcomed serveral new team members across all of our locations. With this expansion, we are once again offering construction loans, land loans, and commercial mortgages. We’re looking forward to continuing this growth in 2026!

Thank you for another fantastic year!

As always, we owe our biggest thanks to you! Whether you are one of our partners or clients, your trust and support are the key to our success as a team. We love being able to support our community and everyone in our city, and we could not do any of it without you. We look forward to continuing our great work together in the new year, and helping you achieve all of your mortgage goals.

We hope you have a safe and happy holiday season, and enjoy some time off with friends and family. Stay warm, and we will see you in 2026!

If you have any questions about your mortgage, get in touch with us at Clinton Wilkins Mortgage Team! You can call us at (902) 482-2770 or contact us here.