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April 20, 2022NEW HOUSING PRICE INDEX, MARCH 2022 Month-over-month (Mar 2022 vs. Feb 2022)
In Nova Scotia, the price of new housing increased 1.1% following no changes over the last nine months. Nationally, prices were up 1.2%. In March 2022, new home prices increased in 18 of the 27 CMAs and remained unchanged in 9.
The largest month-over-month increases were in Manitoba (+3.4%) and Alberta (+2.9%). New home prices in Newfoundland and Labrador and New Brunswick were unchanged from last month.
Year-over-year (Mar 2022 vs Mar 2021)
Nova Scotia’s new housing prices increased 4.7% from the previous year in March 2022. Nationally, prices were up 11.0%. All provinces posted gains led by Manitoba (+24.3%). Newfoundland and Labrador (+3.2%) reported the smallest gain in March 2022.
Year-over-year (Mar 2022 vs Mar 2021): Census Metropolitan Areas
Halifax new home prices increased 4.7% year-over-year in March 2022.
New housing price growth among Census Metropolitan Areas was fastest in Kitchener-Cambridge-Waterloo (+24.4%). New housing price had the smallest increase in Hamilton (+0.6%).
Year-to-date (Jan-Mar 2022 vs Jan-Mar 2021): Provinces
All provinces reported year-to-date growth in new housing prices. Nova Scotia increased 5.4% and nationally the increase was 11.3%. Manitoba (+22.8%) had the largest increase and Newfoundland and Labrador (+3.7%) the smallest.
Year-to-date (Jan-Mar 2022 vs Jan-Mar 2021): Census Metropolitan Areas
Halifax's new housing price index was up 5.4% for January-March 2022 compared to January-March 2021. All cities had growth with the fastest growth in Kitchener-Cambridge-Waterloo (+25.5%) and the slowest in Hamilton (+0.4%).
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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