Photo: Sarbelito Avila · CC BY-SA 3.0The middle home in Lake Echo is valued at $300,000
2,035 owner households answered the census question on value in 2021. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch. Statistics Canada counted 8,470 buyers in 2023, paying a median $493,000. Lake Echo doesn’t get its own sale prices, assessed values, values by property type and building permits figures; the ones here come from the city of Halifax.
What Lake Echo’s homes are worth, three ways
Each source sits beside its own median for Nova Scotia’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $301K
- Owners
- 2,035
- Nova Scotia’s towns
- $250K
- The typical Canadian town
- $406K
median sale, wider area
- Average sale
- $530K
- ÷ buyers’ income
- 3.3×
- Buyers
- 8,470
- Nova Scotia’s towns
- $205K
all residential
- Nova Scotia’s towns
- $157K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Halifax’s detached houses are assessed at 2.4 times the median of Nova Scotia’s towns
Of Halifax’s 131,695 residential properties on the 2024 roll, 71% are detached houses and 7% are condos.
Median assessment by type, 2024 the tick is the median of Nova Scotia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Nova Scotia’s towns with their own figure; assessments compare within a province only.
Single-detached houses are 95% of Lake Echo’s homes, against 83% for Nova Scotia’s towns
The 2021 census counted 2,210 occupied homes in Lake Echo. Half went up before 2001. A neighbourhood’s counts are summed from small census areas, so its parts can fall a little short of the whole.
Homes by period of construction the tick is the median of Nova Scotia’s towns
Homes by kind
| Lake Echo | Nova Scotia | Canada | |
|---|---|---|---|
| Condominiums | under 1% | 1% | 8% |
| Needing major repairs | 7% | 9% | 6% |
| Too small for the household | 2% | 2% | 3% |
| Households in core housing need | 5% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Building ahead of Nova Scotia’s towns: 24.4 new homes a year per 1,000 in Halifax, against 13.5
Over 2018–2023, 26,323 homes were permitted in Halifax, close to 4,387 each year. Multi-unit buildings took most: single-unit ones were just 19%, where Nova Scotia’s towns built 63%.
A peak in 2023: 5,355 new homes
New homes a year per 1,000 homes
Down 15%: 5,538 new homes in the year to August 2026
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021. · Not measured by town: monthly permits (the Halifax metro area)
Lake Echo is 20% above the $250,000 median of Nova Scotia’s towns
90 of Nova Scotia’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Lake Echo: East Preston and Gaetz Brook
Next to Lake Echo: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lake Echo | $300K | $301K | 92% | |
| East Preston | $260K | $258K | 87% | 5.3 |
| Lawrencetown | $332K | $355K | 96% | 7.6 |
| Gaetz Brook | $250K | $299K | 86% | 8.9 |
| Westphal | $348K | $331K | 92% | 9.9 |
| East Lawrencetown | $368K | $408K | 92% | 10 |
| Cole Harbour | $320K | $340K | 83% | 12.1 |
Census 2021 values; km.
Questions about property prices in Lake Echo
How many households in Lake Echo are in core housing need?
In Lake Echo, 5% of households are in core housing need, against 8% for Nova Scotia’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Is Lake Echo expensive for Nova Scotia?
Yes: Lake Echo’s census median is above the $250,000 of Nova Scotia’s towns.
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).