For a comprehensive review of the Canada market, click below:
HVS In-Depth Canada Hotel Valuation Index:   2025 | 2024 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013

HALIFAX–DARTMOUTH is the capital of Nova Scotia, a major economic and cultural centre in Eastern Canada, housing the largest concentration of government services in Atlantic Canada. In 1996, the Halifax Regional Municipality (HRM) was formed through amalgamation the cities of Halifax and Dartmouth, the town of Bedford, and Halifax County. The current population of the HRM is 527,000.

The major projects in Halifax include the $60-billion Irving Shipbuilding project (2022–2027) and the multi-billion-dollar Queen Elizabeth II Health Sciences Centre redevelopment. These projects are expected to support stronger GDP growth in 2025 and beyond. The city’s GDP is projected to grow at an average annual rate of 1.9% between 2024 and 2028, slightly below the comparable projected national average of 2.0%. This slower growth is due to increased prices and higher interest rates. The goods-producing sectors, as well construction, have been slowing down.

The unemployment rate was 5.5% in 2024, up from 5.1% in 2022; the increase was partially due to population growth from immigration, which was being encouraged to help address the challenges arising from the aging population. As population growth slows down, the unemployment rate should drop; it is projected to reach 5.3% in 2028.

Sixty new rooms are expected to enter the Halifax market between 2025 and 2028. Before the pandemic, the economic outlook for Halifax was healthy; the ADR had been rising steadily since 2014. This trend has continued in the post-pandemic period, showing steady growth in ADR. The projection for the 2025-to-2028 period indicates steady growth in both occupancy and ADR.

Steady growth is projected for the per-room value over the next few years, reaching $255,400 by 2028. Halifax–Dartmouth is expected to fall from seventh to eighth position in 2028 as Quebec City moves up one place.

ADR, Demand, Occupancy, RevPAR, and Supply Projections:

ADR Change
Market Demand Change
Hotel Occupancy Increase/Decrease
RevPAR Change	0.0%	0.0%	0.0%	0.0%
Market Supply Growth

Change In Value For Market: ($CAD)

Halifax-Dartmouth RevPAR Change ($CAD)

Halifax-Dartmouth RevPAR ($CAD)

For more information, please contact:

Monique Rosszell, AACI, MRICS, ISHC Senior Managing Partner, AACI, Montreal and Toronto [email protected] +1 514 776-7099 (m) +1 416 704-3883 (m)