The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
June 20, 2024NEW HOUSING PRICE INDEX, MAY 2024 Monthly (May 2024 vs April 2024)
Nova Scotia's new housing prices grew 1.1% in May compared to the previous month - the fastest increase in new housing prices among provinces. Nationally new housing prices were up 0.2% from the previous month with gains in 7 provinces. Ontario reported the only decline in new housing prices while prices for new housing were unchanged in New Brunswick and Prince Edward Island.
Year-over-year (May 2024 vs May 2023)
Nova Scotia’s new housing prices increased by 0.2% from May 2023 to May 2024, the first year-over-year increase after 12 months of declines. Nationally, new housing prices were unchanged year-over-year, after 13 months of declines.
New housing prices were up in 6 provinces, led by Alberta. Three provinces reported lower new housing prices compared with May 2023: Ontario, Manitoba and Saskatchewan. New housing prices were unchanged in Prince Edward Island.
Halifax new home prices increased 0.2% year-over-year in May 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-May 2024 vs January-May 2023)
In the first five months of 2024, Nova Scotia's new housing price index is 1.0% lower compared to the same period in 2023. Nationally, new housing prices were down 0.3% year-to-date with declines in 5 provinces (largest decline: Saskatchewan). Year-to-date new housing prices were up the most in Alberta.
Halifax new housing prices were down 1.0% in Jan-May 2024 compared to Jan-May 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
<--- Return to Archive
