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June 21, 2022NEW HOUSING PRICE INDEX, MAY 2022 Month-over-month (May 2022 vs April 2022)
In Nova Scotia, the price of new housing increased 2.4% from April to May - the largest gain among provinces. Nationally, prices were up 0.5% with gains in seven provinces. The other three Atlantic provinces reported no changes in new housing prices.
Year-over-year (May 2022 vs May 2021)
Nova Scotia’s new housing prices increased 3.6% from May 2021. Nationally, prices were up 8.4%.
All provinces posted gains led by Manitoba while Prince Edward Island reported the smallest year-over-year gain.
Halifax new home prices increased 3.6% year-over-year in May 2022. New housing price growth among Census Metropolitan Areas was fastest in Winnipeg and Calgary. New housing price had the smallest increase in Hamilton.
Year-to-date (January-May 2022 vs January-May 2021): Provinces
Nova Scotia new housing prices increased 4.5% on average through the first five months of the year. Nationally the increase was 10.3% with gains in all provinces. Manitoba had the largest increase and Newfoundland and Labrador reported the smallest.
Halifax's new housing price index was up 4.5% for January-May 2022 compared to the same period in 2021. All cities had growth with the fastest growth in Kitchener-Cambridge-Waterloo and Winnipeg and the slowest in Hamilton.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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