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May 18, 2023NEW HOUSING PRICE INDEX, APRIL 2023 Month-over-month (April 2023 vs March 2023)
In Nova Scotia new housing prices decreased 0.6% from the previous month in April 2023. Nationally, prices down 0.1% from March. New housing prices increased in three provinces led by Manitoba, and were down in four provinces with Nova Scotia posting the largest decline. New housing prices were unchanged in three provinces.
Year-over-year (April 2023 vs April 2022)
Nova Scotia’s new housing prices increased 1.8% from April 2022. Nationally, prices were down 0.2%.
Six provinces posted gains in new housing prices led by Nova Scotia. British Columbia reported the largest year-over-year decline in new housing prices.
Halifax new home prices increased 1.8% year over year in April 2023. New housing price growth among Census Metropolitan Areas was fastest in Québec City. New housing prices declined in 14 CMAs led by Victoria.
Year-to-date (January-April 2023 vs January-April 2022): Provinces
Nova Scotia new housing prices increased 2.7% on average through the first four months of the year. Nationally new housing prices increased 1.0% 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 2.7% for January-April 2023 compared to the same period in 2022. Most of the cities had growth with the fastest growth in Calgary. New housing prices declined in Gatineau, Hamilton, Kitchener-Cambridge-Waterloo, Guelph, Vancouver and Victoria.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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