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May 21, 2025NEW HOUSING PRICE INDEX, APRIL 2025 Monthly (April 2025 vs March 2025)
Nova Scotia new housing prices remained unchanged from March to April. Nationally the price of new houses declined 0.4%, with three provinces reporting declines. Alberta posted the largest decline and Newfoundland and Labrador posted the largest gain, with four provinces reporting no change month-over-month.
Year-over-year (April 2025 vs April 2024)
Nova Scotia’s new housing prices increased 5.1% from April 2024 to April 2025. Nationally, prices were down 0.6%.
New housing prices increased year-over-year in seven provinces, led by Nova Scotia. Prince Edward Island, Ontario and British Columbia reported declines, led by Ontario.
Halifax new home prices increased 5.1% year-over-year in April 2025. Among Census Metropolitan Areas, new housing prices were down year-over-year in fourteen cities, with London and Toronto reporting the largest declines. Québec City and Halifax reported the largest year-over-year gains.
Year to date (January-April 2025 vs January-April 2024)
In the first four months of 2025, Nova Scotia's new housing price index is 4.2% higher compared to the same period in 2024, the largest increase among provinces. Nationally, new housing prices were down 0.1% year-to-date with gains in seven provinces. Year-to-date declines in new housing prices were lead by Ontario.
Halifax new housing prices were up 4.2% in January-April 2025 compared to January-April 2024. The fastest growth among CMAs was in Québec City and the fastest decline was in London.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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