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February 20, 2025NEW HOUSING PRICE INDEX, JANUARY 2025 Monthly (January 2025 vs December 2024)
There was no change reported Nova Scotia new housing prices from December 2024 to January 2025. Nationally the price of new houses declined 0.08%, with the largest increase seen in Saskatchewan (+0.47%), and the only decline in Ontario (-0.24%).
Year-over-year (January 2025 vs January 2024)
Nova Scotia’s new housing prices increased 1.5% from January 2024 to January 2025. Nationally, prices were up 0.1%.
New housing prices increased year-over-year in six provinces, led by Alberta (+3.6%). Ontario reported the largest decline in new housing prices at 1.4%.
Halifax new home prices increased 1.5% year-over-year in January 2025. Among Census Metropolitan Areas, new housing prices were down year-over-year in twelve cities, with Toronto, Ottawa, and Kitchener-Cambridge-Waterloo reporting the largest declines. Calgary and Québec City reported the largest year-over-year gains.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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