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August 20, 2021NEW HOUSING PRICE INDEX, JULY 2021 Month-over-month (Jul 2021 vs Jun 2021)
In Nova Scotia, the price of new housing remained unchanged from the previous month. Nationally, prices were up 0.4%, which was the slowest pace of monthly growth since December 2020. New home prices either stayed the same or increased in all 27 census metropolitan areas (CMAs) surveyed except for Calgary where prices were down 0.2%.
The largest month-over-month increase was in New Brunswick (+1.0%). Newfoundland and Labrador posted the slowest growth at 0.1%.
Year-over-year (Jul 2021 vs Jul 2020)
Nova Scotia’s new housing prices increased 11.8% from the previous year in July. Nationally, prices were up 11.9%. All provinces posted gains led by Manitoba (+18.3%)
Year-to-date (Jan-Jul 2021 vs Jan-Jul 2020)
Nova Scotia’s new housing prices were up 10.6%, above the national average of 9.3% during the first seven months of 2021. Quebec (+13.2%) saw the fastest growth while Saskatchewan (+4.1%) reported the smallest increase from the same period last year.
Census Metropolitan Areas
Year-over-Year (Jul 2021 vs Jul 2020)
New house price growth among Census Metropolitan Areas was fastest in Kitchener-Cambridge-Waterloo (+27.7%) and Ottawa (+25.3%). The slowest growth was in Sherbrooke (+1.2%). Nova Scotia's CMA, Halifax, reported a 11.8% increase.
Year-to-date (Jan-Jul 2021 vs Jan-Jul 2020)
In Halifax, new housing prices increased 10.6% in the first seven months of 2021 when compared to same period last year. New house price growth among Census Metropolitan Areas was fastest in Kitchener-Cambridge-Waterloo (+21.6%) and Ottawa (+21.2%). The slowest growth was in Sherbrooke (+0.4%) and Regina (+2.1%).
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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