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April 24, 2023NEW HOUSING PRICE INDEX, MARCH 2023 Month-over-month (March 2023 vs February 2023)
In Nova Scotia new housing prices increased 0.3% from the previous month in March 2023. Nationally, prices were unchanged from February. New housing prices increased in three provinces led by Nova Scotia, and were down in two provinces with Manitoba posting the largest decline. New housing prices were unchanged in five provinces.
Year-over-year (March 2023 vs March 2022)
Nova Scotia’s new housing prices increased 2.4% from March 2022. Nationally, prices were up 0.2%.
Eight provinces posted gains led by Nova Scotia while British Columbia and Manitoba were the two provinces that reported year-over-year declines.
Halifax new home prices increased 2.4% year over year in March 2023. New housing price growth among Census Metropolitan Areas was fastest in Calgary. New housing prices declined in ten CMAs led by Victoria. New housing prices were unchanged in Oshawa, Guelph, London and Greater Sudbury.
Year-to-date (January-March 2023 vs January-March 2022): Provinces
Nova Scotia new housing prices increased 3.0% on average through the first three months of the year. Nationally new housing prices increased 1.4% with gains in all provinces except British Columbia. Alberta had the largest increase followed by Nova Scotia.
Halifax's new housing price index was up 3.0% for January-March 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,Hamilton, Kitchener-Cambridge-Waterloo, Vancouver and Victoria 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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