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August 20, 2025NEW HOUSING PRICE INDEX, JULY 2025 Monthly (July 2025 vs June 2025)
Nova Scotia new housing prices were unchanged from June to July 2025. Nationally the price of new houses declined 0.08%, with two provinces reporting declines and seven provinces unchanged from the previous month. Ontario and British Columbia posted declines and Québec posted only increase.
Year-over-year (July 2025 vs July 2024)
Nova Scotia’s new housing prices increased 4.8% from July 2024 to July 2025. Nationally, prices were down 1.4%.
New housing prices increased year-over-year in seven provinces, led by Nova Scotia. Ontario, Alberta and British Columbia reported declines, led by Ontario.
Halifax new home prices increased 4.8% year-over-year in July 2025. Among Census Metropolitan Areas, new housing prices were down year-over-year in fourteen cities, with Toronto and London reporting the largest declines. Québec City and Halifax reported the largest year-over-year gains.
Year to date (January-July 2025 vs January-July 2024)
In the first seven months of 2025, Nova Scotia's new housing price index was 4.5% higher compared to the same period in 2024, the fastest increase among provinces. Nationally, new housing prices were down 0.5% year-to-date with gains in eight provinces. Year-to-date declines in new housing prices were reported in Ontario (fastest) and British Columbia.
Halifax new housing prices were up 4.5% in January-July 2025 compared to January-July 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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