Statistics Canada's New Condominium Apartment Price Index reports prices for condominiums in apartment-style structures for 9 Census Metropolitan Areas (CMAs): Halifax, Montreal, Quebec City, Ottawa (Ontario part), Toronto, Calgary, Edmonton, Vancouver and Victoria.  

Compared with the average of 2017, new condominium prices in the Halifax market were 19.9% higher as of Q3 2022.  This was slower than the growth over this period at the national level (28.6%), but faster than markets in Quebec and Alberta.  

Compared with Q3 2021, Nova Scotia's new condominium prices were down 5.1%, tied with Quebec City as the largest decline among the 9 major CMAs studied.  Nationally, condominium prices were up 3.5% comparing Q3 2022 with the same quarter in 2021.  This was based on growth in prices for Toronto, Calgary, Edmonton and Vancouver.  

Notes: data are not seasonally adjusted.  As described by Statistics Canada, "The New Condominium Apartment Price Index (NCAPI) is a quarterly series that measures changes over time in the developers' selling prices of units in newly-built apartment-style condominiums, where detailed specifications pertaining to each unit remain comparable between two consecutive periods.  The NCAPI is computed using a unit-value approach, wherein the price of a unit is standardized by its square-footage to give a price per square foot. Quality adjustments are made prior to calculating these unit prices in order to produce a constant-quality index."

Source: Statistics Canada. Table 18-10-0273-01  New condominium apartment price indexes, by census metropolitan area; Technical Guide for the New Condominium Apartment Price Index (NCAPI)