Tidewater

Terence Bay

One of 379 areas · 488 parcels · Updated weekly

Rising, broadly in step with Nova Scotia.

Terence Bay's price per square foot rose 13% over two years — versus +13% across Nova Scotia, on 34 recent and 39 prior sales. This is an area-wide read, not a per-home estimate or a forecast.

A community within Halifax, on Nova Scotia's official governance map.

Active marketAs of August 2026 · 2021 census
$422,200typical house · 24mo67th pctile · NS
+13%price trend · 2yr46th pctile · NS
488homes
1,184residents

Sells in a median 44 days — faster than 26% of Nova Scotia areas · 28 sold

Sells for a median 95% of original asking — 36% at or above ask · 28 sold

0% cut their price before selling · 28 sold

Market conditions among homes that sold over the last 24 months.

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PVSC + MLS · Area aggregate

Median sale$422,20024 mo
Registry sales3424 mo
24-mo change+13%
Median days on market44 days28 sold
Median assessment$387,5502026
OverviewPVSC + 2021 Census

Single-family homes here typically sold around $422,200 over the last 24 months — +13% on a mix-controlled price-per-square-foot basis over two years (Nova Scotia as a whole: +13%). Assessed values moved +58% over three years.

As of the 2021 Census, about 1,184 people live here, with a median household income near $93,000. 91% of homes are owner-occupied and 89% are single-detached.

Roughly 24 homes were added in the last five years — about 5.2% of the stock.

Price-per-square-foot trajectoryPVSC · Sales
Median sale price per square foot in Terence Bay went from $242 in 2022 to $202 in 2026.20222023202420252026$202/ft²$242
Median sale price per square foot in Terence Bay went from $242 in 2022 to $202 in 2026.

Most recent sales landed between $277,788 and $740,766 (10th–90th percentile).

How Terence Bay compares to Nova ScotiaPVSC + Census · vs NS
Typical house · 24mo$422,20067th percentile
Price trend · 2yr+13%46th percentile
Assessed values · 3yr+58%vs NS +52%
Median year built1976vs NS 1979
Median household income$93,000vs NS $67,500
Owner-occupied91%vs NS 67%
Single-detached89%vs NS 64%
Median age47.2vs NS 47

The blue dot marks Terence Bay; where a province-wide percentile exists it is shown, otherwise the Nova Scotia figure is given for reference.

Built form & new constructionPVSC · as of 2026-08-30

About 24 new homes were built in Terence Bay over the last five years — roughly 5.2% of its homes. Counts detached, semi, townhouse and small multi-unit homes only — apartment and commercial development are tracked separately, so this is not a count of all new housing units.

Assessed value per ft², by era built

Pre-1960$288/ft² · 109 homes
1960–79$305/ft² · 157 homes
1980–99$327/ft² · 112 homes
2000–17$341/ft² · 56 homes
2018+$373/ft² · 31 homes

Recent sale price per ft², by home type

Detached$299/ft² · 440 homes

Where recent sales landed

26%48%18%
Under $300k · 26%$300–500k · 47.9%$500–750k · 17.8%$750k+ · 8.2%
Recorded salesRegistry · 21 years · ungated
2026-07-2145 Littles, Terence Bay$425,000
2026-05-21869 West Pennant, West Pennant$560,000
2026-04-161754 Lower Prospect, Terence Bay$660,000
2026-02-2750 Fawsons Cove, West Pennant$630,000
2026-01-2960 Sandy Cove, Terence Bay$340,000
2025-10-061112 Terence Bay, Terence Bay$500,000
2025-08-22714 West Pennant, West Pennant$465,000
2025-08-182133 Lower Prospect, Lower Prospect$475,000
2025-08-1523 Blackburn, Lower Prospect$495,000
2025-07-31226 Sandy Cove, Terence Bay$707,555
2025-07-03941 Terence Bay, Terence Bay$450,000
2025-06-1240 Bearing, Terence Bay$1,250,000

Source: PVSC sales records — single-parcel transfers of $50,000 or more. Multi-parcel conveyances and nominal family transfers are excluded because they aren't market sales.

Who lives here2021 Census · apportioned
Population1,184
Median age47.2
Avg household size2.5
Median household income$93,000
Owner-occupied91%
Rented9%
Single-detached89% (NS 63.7%)
Built since 20166.2% (NS 5.2%)

Census figures are apportioned from 2021 dissemination areas to this boundary by parcel share — an honest approximation, not a direct count.

More in Halifax
Bedford$765,000+2%6,387
Lower Sackville$500,000+8%5,436
Cole Harbour$530,000+9%5,356
Middle Sackville$590,000+7%3,828
Hammonds Plains$703,200+7%3,647
Fairview$575,000+12%3,122
Beaver Bank$610,000+8%2,764
Spryfield$589,900+12%2,692
North End$632,000+15%2,623
Clayton Park$689,675+9%2,465
Eastern Passage$480,000+13%2,415
Port Wallace$665,450+11%2,394

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How to read this profile

An area profile for Terence Bay— how the area has moved, never a per-home estimate or a forecast. Market figures cover the last 24 months of arm's-length single-family sales (Property Valuation Services Corporation); the trend is on median price per square foot, which controls for which homes happened to sell. Where recent sales are too thin to be reliable, the typical-price figure is suppressed and the assessed-value movement is shown instead. New-build premiums hold home size constant. Demographics are from the 2021 Census of Canada, apportioned from dissemination areas to this boundary by parcel share.

Sources — PVSC (sales & assessment) · Statistics Canada, 2021 Census (Open Government Licence – Canada) · governance boundaries © Open Data Nova Scotia & HRM (OGL) · market data as of August 2026.