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February 18, 2022NEW HOUSING PRICE INDEX, JANUARY 2022 Month-over-month (Jan 2022 vs. Dec 2021)
In Nova Scotia, the price of new housing remained unchanged from the previous month. Nationally, prices were up 0.9%. In January 2022, new home prices increased in 15 of the 27 CMAs and remained unchanged in 12.
The largest month-over-month increases were in Alberta and British Columbia (both +1.7%). New home prices in Prince Edward Island, Nova Scotia and New Brunswick remained unchanged.
Year-over-year (Jan 2022 vs Jan 2021)
Nova Scotia’s new housing prices increased 7.0% from the previous year in January 2022. Nationally, prices were up 11.8%. All provinces posted gains led by Manitoba (+22.5%). Newfoundland and Labrador (+4.0%) reported the smallest gain in January 2022.
Census Metropolitan Areas
Halifax new home prices increased 7.0% year-over-year in January 2022.
New housing price growth among Census Metropolitan Areas was fastest in Kitchener-Cambridge-Waterloo (+27.0%). New housing price was unchanged in Hamilton.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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