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September 23, 2024NEW HOUSING PRICE INDEX, AUGUST 2024 Monthly (August 2024 vs July 2024)
Nova Scotia's new housing prices were unchanged in August over the previous month. Nationally new housing prices were also unchanged from the previous month with gains in 2 provinces. Saskatchewan and British Columbia reported the only gains in new housing prices while Alberta and Québec reported the only declines. New housing prices were unchanged in 6 of 10 provinces.
Year-over-year (August 2024 vs August 2023)
Nova Scotia’s new housing prices increased by 0.2% from August 2023 to August 2024. Nationally, new housing prices were unchanged year-over-year.
New housing prices were up in 6 provinces, led by Alberta. Three provinces reported lower new housing prices compared with August 2023: Manitoba, Ontario and British Columbia. New housing prices were unchanged in Prince Edward Island.
Halifax new home prices increased 0.2% year-over-year in August 2024. Among Census Metropolitan Areas, the largest year-over-year gains were in Trois-Rivières and Calgary while Ottawa and Kitchner-Cambridge-Waterloo reported the sharpest year-over-year decline in new housing prices.
Year to date (January-August 2024 vs January-August 2023)
In the first eight months of 2024, Nova Scotia's new housing price index is 0.6% lower compared to the same period in 2023. Nationally, new housing prices were down 0.2% year-to-date with declines in 4 provinces, led by Ontario. Year-to-date new housing prices were up the most in Alberta.
Halifax new housing prices were down 0.6% in January-August 2024 compared to January-August 2023. The fastest growth among CMAs was in Calgary and the fastest decline was in Ottawa.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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