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July 24, 2024NEW HOUSING PRICE INDEX, JUNE 2024 Monthly (June 2024 vs May 2024)
Nova Scotia's new housing prices were unchanged in June over the previous month. Nationally new housing prices were down 0.2% from the previous month with gains in 4 provinces. Newfoundland and Labrador reported the largest gain in new housing prices while British Columbia reported the largest decline. New housing prices were unchanged in New Brunswick, Nova Scotia, and Prince Edward Island.
Year-over-year (June 2024 vs June 2023)
Nova Scotia’s new housing prices increased by 0.2% from June 2023 to June 2024. Nationally, new housing prices were down 0.2% year-over-year.
New housing prices were up in 5 provinces, led by Alberta. Three provinces reported lower new housing prices compared with June 2023: Ontario, Manitoba, and British Columbia. New housing prices were unchanged in Prince Edward Island and Saskatchewan.
Halifax new home prices increased 0.2% year-over-year in June 2024. Among Census Metropolitan Areas, the largest year-over-year gains were in Trois-Rivières and Calgary while Ottawa reported the sharpest year-over-year decline in new housing prices.
Year to date (January-June 2024 vs January-June 2023)
In the first half of 2024, Nova Scotia's new housing price index is 0.8% lower compared to the same period in 2023. Nationally, new housing prices were down 0.3% year-to-date with declines in 4 provinces (largest decline: Saskatchewan and Ontario). Year-to-date new housing prices were up the most in Alberta.
Halifax new housing prices were down 0.8% in January-June 2024 compared to January-June 2023. The fastest growth among CMAs was in Calgary and Québec City and the fastest decline was in Ottawa.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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