Primary Rental Market
% Change of Average Rent

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  2. Historical Time Periods

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Nova Scotia — Historical % Change of Average Rents by Bedroom Type

  Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
1990 October ** ** ** ** **
1991 October 3.5 b 3.2 b 2.8 a 4.4 d 3.3 b
1992 October ++ 0.8 d 1.5 c 1.6 c 1.4 a
1993 October ** ** ** 1.4 d **
1994 October 1.0 d 0.7 a 0.7 b ++ 0.6 a
1995 October 1.4 a 1.3 a 0.9 a ++ 0.9 a
1996 October ++ -0.6 b ++ 1.1 a ++
1997 October 1.2 d ++ 1.3 a ++ 0.4 b
1998 October ++ 1.3 a 0.7 b 1.4 d 1.2 a
1999 October 3.7 c 2.1 b 2.2 b 3.6 d 2.2 a
2000 October 4.0 c 2.7 b 2.5 b 2.2 c 2.6 a
2001 October 2.4 b 2.5 b 2.1 b 3.1 d 2.4 b
2002 October 2.6 b 2.3 b 2.1 a 2.3 c 2.3 a
2003 October 3.3 d 3.4 b 3.2 b 2.3 c 2.9 b
2004 October 3.0 c 2.0 b 2.0 a 2.1 c 2.3 b
2005 October 3.1 c 2.3 a 2.0 a 1.3 a 2.1 a
2006 October 2.4 b 2.3 a 3.5 b 2.6 b 2.7 a
2007 October 3.2 b 3.0 a 1.7 b 3.2 d 2.1 a
2008 October 2.9 a 1.9 a 2.0 a 1.8 b 2.1 a
2009 October 3.0 b 2.6 a 2.8 a 3.1 b 2.8 a
2010 October 2.4 a 3.3 a 3.0 a 2.7 a 3.1 a
2011 October 3.0 b 1.9 a 1.7 b 1.8 c 2.1 a
2012 October 4.1 b 2.4 a 2.7 a 1.9 b 2.6 a
2013 October 1.4 a 2.2 a 1.2 a 1.5 a 1.6 a
2014 October 2.1 b 2.5 c 1.7 a 1.6 b 1.6 b
2015 October 1.9 c 2.1 a 1.7 a 1.4 a 2.1 a
2016 October 3.1 c 2.3 a 1.4 a 1.8 b 1.7 a
2017 October 2.5 b 2.1 a 2.4 a 2.1 c 2.2 a
2018 October 2.2 c 2.7 a 1.9 a 2.5 b 2.1 a
2019 October 3.4 b 4.1 a 3.6 b 4.6 b 3.7 a
2020 October 5.1 b 4.1 b 3.9 a 3.4 d 3.9 a
2021 October 6.7 c 5.1 b 4.7 b 4.2 c 4.9 a
2022 October 8.8 c 7.3 b 8.7 b 8.2 c 8.3 a
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a - Excellent, b- Very good, c - Good, d - Fair (Use with Caution)
  • ** Data suppressed to protect confidentiality or data not statistically reliable
  • ++ Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
  • - No units exist in the universe for this category
  • n/a: Not applicable
Source: CMHC Rental Market Survey (opens in new window)