Halifax is experiencing a significant surge in interest within the Canadian rental market, attracting prospective tenants from across the nation. According to the latest data from RentCafe's Renter Interest Report, Halifax has been ranked as the fifth most in-demand city for renters in Canada.
The report, which analyzes user interest in various rental markets, highlights a remarkable 158 percent increase year-over-year in the number of listings that have been saved as favorites in the Halifax region. This uptick in interest is predominantly driven by potential renters from Nova Scotia, New Brunswick, and Ontario, who are actively considering a move to Halifax.
A summary of the report states, "This surge suggests a wave of rising interest from renters actively considering a move to the city." Furthermore, Halifax is not just garnering attention; it is also maintaining stable rankings in both page views and saved searches. This indicates strong momentum as a preferred rental destination in Nova Scotia.
The trend of increased renter interest aligns with broader economic indicators. The 2025 Halifax Index shows that the local population has officially surpassed half a million residents. Additionally, there has been a consistent growth in employment levels among individuals aged 15 and older, reflecting a robust labor market.
Halifax's growing economy and favorable rental prices are making it an attractive option compared to major cities like Toronto, Ottawa, and Vancouver. According to data from Statistics Canada and the Canadian Mortgage and Housing Corporation, the average rent for a one-bedroom apartment in Halifax during the first quarter of 2025 was reported at $1,770. This pricing positions Halifax as a more affordable alternative for renters seeking urban living without the hefty price tags associated with larger metropolitan areas.
As Halifax continues to develop its infrastructure and housing offerings, the influx of both interest and population may further solidify its status as a vibrant rental market. This could potentially lead to more diverse housing options and improved amenities for residents, making the city not just a place to live, but a place to thrive.
