Since the pandemic, the population in Nova Scotia has steadily increased year-over-year. Previous to this, population growth had been quite stagnant for many years.
Much of the population growth has been a result of people relocating from other Canadian provinces, along with immigration. After all, real estate prices in Halifax are (believe it or not) still relatively lower than many other provinces with the average price of a condo (February 2024) sitting at $513K vs cities like Toronto where the average price for a condo is $726K.
Although we can vouch for Halifax being one of the best places to live (we may be biased!), some issues come along with rapid population growth. Namely, the housing crisis. A simple supply and demand issue, inventory continues to hover around the 1.5-2.0 mark, thus creating a strong seller’s market and considerable competition among buyers.
Many people look to pre-construction when beginning their search for a Halifax Condo. However, following suit with the rest of the Halifax Real Estate Market, the inventory of pre-construction condos in Halifax is extremely low - with a total of just three projects currently selling.
Below you’ll find updated details on the new construction projects available throughout the Halifax.
NRTH Condos
NRTH Condos is a relatively new condominium development that is situated in the North End of Halifax on the corner of Bilby Street and Gottingen Street. The development houses 72 residential units over 8 stories.
Developed by Urban Captial, this building features underground parking, a fully equipped fitness center, a highly-secured lobby, and 3500 square feet of retail space at ground level.
NRTH Condos combine modern and industrial finishes to create a stylish living space for residents. Think large windows, concrete finishes, and exposed ceilings.
Below you’ll find a status update on NRTH Condos, along with recent photos of the building!
Estimated Occupancy: March 2025
All commercial spaces have been sold
4 Units remain for sale- all 2 Bedrooms. See below.
Price Range of Available Units: $592,900 - $792,900
Units Remaining (As of March 20, 2024):
Suite 208 - 2 bed, 2 bath, 700 Sq Ft - $592,900
Suite 404- 2 bed, 2 bath, 877 Sq Ft - $709,900
Suite 310 - 2 Bed, 2 Bath, 928 Sq Ft - $719,900
Suite 410 - 2 bed, 2 bath, 928 Sq Ft - $729,900
Navy Lane
Navy Lane is Urban Capital’s second recent development on Gottingen Street, following NRTH Condos. Both of these buildings will bring a surge of new residents to the area, boosting economic activity!
Boasting 169 units over 9 stories, Navy Lane will be situated on the corner of Maitland Street and Gottingen Street. This building promises polished style, smooth functionality, and numerous features in each unit.
All units include 9-foot exposed ceilings, wide plank luxury vinyl flooring, and contemporary kitchens and bathrooms with quartz countertops and integrated appliances.
Units range in size from 575 Square Feet to 1700 Square Feet offering 1-3 bedrooms depending on the floor plan.
Parking is deeded in this particular building and is purchased separately from your unit. Parking is only available to purchase for units 715 SQ FT or larger. There are also storage lockers available for purchase.
Navy Lane will feature an extensive amount of amenities; all of which will be located on the rooftop, providing residents with a hidden oasis amidst the city.
The rooftop amenities include a swimming pool, lounge area with fire pits, outdoor BBQ prep and dining area, indoor & outdoor fitness centers, and tower viewer.
Additionally, the building will feature co-work spaces, a boardroom, and a “zoom-room” for all of your important calls! To support your work efforts, free WIFI and a printer/scanner are also available in the co-work space for your use.
Navy Lane is currently over 60% sold, with estimated occupancy near the end of 2026. See below pricing for available units, along with a link to current MLS listings. (As of March 20, 2024)
1 bed - $439,900
2 bed - $519,900
2 bed + den - $721,900
3 bed - $734,900
The Village at Fisherman’s Cove
The Village at Fisherman’s Cove is a home-style condo community in Eastern Passage, just outside of Dartmouth. This community offers a unique opportunity for those who wish to experience single-family home life but also want the conveniences and amenities of a condo building. By owning a condo within The Village, you have access to a private clubhouse with a library, guest suite, and outdoor pool. You can forget shoveling and mowing - as snow removal, lawn & driveway care, exterior maintainence, and water are included in your condo fees!
Best of all, this community is just a short walk to MacCormack’s Beach and the boardwalk. Head to the Cove for coffee, fresh seafood, shopping and ice cream. The Village is located just 7 minutes from Dartmouth General and 10 minutes from Dartmouth Crossing. Enjoy seaside living with all the conveniences of modern living!
There are approximately 23 units left for sale in this development at the time this article was published. See the link below for current MLS listings. (As of March 20, 2024)
If you’re interested in pre-construction in Halifax, fear not, we are here to keep you informed on the latest developments in our market. Navigating a pre-construction condo purchase can be daunting - as local condo specialists, we are here to guide you through each step of the process. Contact us today and we’d be happy to help you find your forever home, next investment, or whatever it may be!
Author: Brynn Carmody
Real Estate Assistant
HalifaxCondos.co
Keller Williams Select Realty