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March 22, 2023NEW HOUSING PRICE INDEX, FEBRUARY 2023 Month-over-month (February 2023 vs January 2023)
In Nova Scotia new housing prices were unchanged from January 2023. Nationally, prices were down 0.2%. Five provinces reported a decline with the largest decline in Saskatchewan, while Manitoba reported the only increase of 0.1%. New housing prices were unchanged in Atlantic provinces.
Year-over-year (February 2023 vs February 2022)
Nova Scotia’s new housing prices increased 3.2% from February 2022. Nationally, prices were up 1.4%.
Nine provinces posted gains led by Alberta and Nova Scotia while British Columbia reported the only year-over-year decline.
Halifax new home prices increased 3.2% year over year in February 2023. New housing price growth among Census Metropolitan Areas was fastest in Calgary. New housing prices declined in Gatineau, Hamilton, Kitchener-Cambridge-Waterloo, and Vancouver. New housing prices were unchanged in Oshawa, St. Catharines-Niagara, Guelph, and Greater Sudbury.
Year-to-date (January-February 2023 vs January-February 2022): Provinces
Nova Scotia new housing prices increased 3.2% on average through the first two months of the year. Nationally new housing prices increased 2.0% with gains in all provinces. Alberta had the largest increase and British Columbia reported the smallest.
Halifax's new housing price index was up 3.2% for January-February 2023 compared to the same period in 2022. Most of the cities had growth with the fastest growth in Calgary, Windsor, and Ottawa. New housing prices declined in Gatineau and Hamilton while remained stable in Oshawa, Guelph, and Greater Sudbury.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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