If you’re a Halifax homeowner over 60 and thinking about downsizing, 2026 is shaping up to be a very interesting year to consider making a move. The real estate market has changed again, but this time in a healthier, more predictable way.
The Halifax market in 2026 is best described as “normal.” Prices are no longer skyrocketing, but they’re also not falling. Modest growth of about 2–4% is expected, and average home prices remain around the $600,000 mark. For most long-time homeowners, that means your home has likely held its value very well, and you’re still sitting on a significant asset.
What has changed is how homes are selling.
Inventory has increased, which gives buyers more choice and more confidence. Inspections are back. Negotiations are back. And buyers are being more selective. Homes that are well prepared, well priced, and easy to move into are still selling well. Homes that are not… sit.
Detached homes remain the strongest part of the market, while condos have softened slightly. For many seniors, this creates an opportunity: selling in a strong segment and buying in a slightly softer one can improve your overall financial picture.
Another factor in 2026 is what many are calling the “renewal wave.” A large number of homeowners are facing mortgage renewals at higher interest rates, which is expected to increase the number of homes coming to market. That makes timing and strategy more important than it has been in years.
And finally, costs matter more than ever. With a significant property tax increase expected, along with rising insurance and maintenance costs, many homeowners are starting to question whether keeping a large home still makes sense.
For many seniors, downsizing is no longer just about lifestyle. It’s about simplifying life, reducing risk, freeing up cash flow, and making the next chapter easier and more flexible.
The good news is that 2026 looks like a solid, fair market for making that move. But it’s a market that rewards planning.
If you’re thinking about downsizing in the next 6 to 12 months, I offer a Personalized Seniors Downsizing Consultation. It’s a practical planning session where we look at your home, your timing, your options, and your next steps.
You can book yours at www.DownsizingStrategy.ca.
