Primary Rental Market
Summary Statistics

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Nova Scotia — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1990 October 3.8 a ** 503 a 485 a ** 31,133
1991 October 5.1 a ** 529 a 508 a 3.3 b 31,974
1992 October 5.7 a ** 525 a 506 a 1.4 a 37,802
1993 October 6.0 a ** 536 a 517 a ** 38,236
1994 October 6.8 a ** 539 a 525 a 0.6 a 39,065
1995 October 7.5 a ** 548 a 525 a 0.9 a 39,747
1996 October 8.5 a ** 545 a 525 a ++ 40,329
1997 October 8.3 a ** 548 a 530 a 0.4 b 41,080
1998 October 5.9 a ** 560 a 535 a 1.2 a 42,287
1999 October 4.2 a ** 570 a 545 a 2.2 a 42,335
2000 October 4.1 a ** 584 a 554 a 2.6 a 43,495
2001 October 3.3 a ** 608 a 575 a 2.4 b 43,647
2002 October 3.0 a ** 633 a 595 a 2.3 a 44,582
2003 October 2.6 a ** 648 a 610 a 2.9 b 44,682
2004 October 3.0 a ** 678 a 635 a 2.3 b 45,254
2005 October 3.5 a 4.2 a 684 a 650 a 2.1 a 44,670
2006 October 3.3 a 3.9 a 715 a 650 a 2.7 a 45,443
2007 October 3.2 a 3.7 a 733 a 675 a 2.1 a 45,494
2008 October 3.5 a 4.0 a 753 a 699 a 2.1 a 46,437
2009 October 3.1 a 3.4 a 790 a 720 a 2.8 a 47,573
2010 October 2.8 a 3.6 a 807 a 741 a 3.1 a 48,268
2011 October 2.7 a 3.3 a 835 a 752 a 2.1 a 48,859
2012 October 3.4 a 4.1 a 859 a 795 a 2.6 a 49,799
2013 October 3.7 a 4.5 a 880 a 800 a 1.6 a 50,948
2014 October 4.1 a 4.7 a 898 a 815 a 1.6 b 52,619
2015 October 3.8 a 4.7 a 935 a 850 a 2.1 a 54,235
2016 October 3.0 a 4.0 a 948 a 860 a 1.7 a 54,733
2017 October 2.6 a 3.5 a 984 a 890 a 2.2 a 56,614
2018 October 2.0 a ** 1,020 a 923 a 2.1 a 58,499
2019 October 1.4 a ** 1,064 a 970 a 3.7 a 60,582
2020 October 2.1 a ** 1,118 a 1,025 a 3.9 a 62,306
2021 October 1.2 a ** 1,187 a 1,110 a 4.9 a 63,481
2022 October 1.0 a ** 1,281 a 1,200 a 8.3 a 65,056
2023 October 1.1 a ** 1,451 a 1,352 a 11.0 c 65,676
2024 October 2.0 a ** 1,552 a 1,500 a 4.6 c 70,728
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (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).
Source: CMHC Rental Market Survey (opens in new window)