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November 19, 2021NEW HOUSING PRICE INDEX, OCTOBER 2021 Month-over-month (Oct 2021 vs Sep 2021)
In Nova Scotia, the price of new housing remained unchanged from the previous month. Nationally, prices were up 0.9%. In October, new home prices increased in 15 of the 27 CMAs, remained unchanged in 10 and declined in 2.
The largest month-over-month increase was in Manitoba (+1.7%) while prices remained the same in the four provinces.
Year-over-year (Oct 2021 vs Oct 2020)
Nova Scotia’s new housing prices increased 7.8% from the previous year in October. Nationally, prices were up 11.5%. All provinces posted gains led by Manitoba (+18.5%).
Year-to-date (Jan-Oct 2021 vs Jan-Oct 2020)
Nova Scotia’s new housing prices were up 10.1%, similar to national average (+10.0%) during the first ten months of 2021. Quebec (+14.4%) saw the fastest growth while Newfoundland and Labrador (+4.4%) reported the smallest increase from the same period last year.
Census Metropolitan Areas
Year-over-Year (Oct 2021 vs Oct 2020)
New house price growth among Census Metropolitan Areas was fastest in Kitchener-Cambridge-Waterloo (+29.2%) and Ottawa (+24.8%). The slowest growth was in Trois-Rivieres (+1.8%) and Sherbrooke (+1.9%). Nova Scotia's CMA, Halifax, reported a 7.8% increase.
Year-to-date (Jan-Oct 2021 vs Jan-Oct 2020)
In Halifax, new housing prices increased 10.1% in the first ten months of 2021 when compared to same period last year. New house price growth among Census Metropolitan Areas was fastest in Kitchener-Cambridge-Waterloo (+23.4%) and Ottawa (+22.6%). The slowest growth was in Sherbrooke (+0.7%) and Regina (+3.3%).
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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