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February 21, 2024NEW HOUSING PRICE INDEX, JANUARY 2024 Monthly (January 2024 vs December 2023)
In Nova Scotia new housing prices were unchanged from December 2023 to January 2024. Nationally, new housing prices declined 0.1% from December 2023. Three provinces reported declines in new housing prices, five reported no changes and two reported gains (led by Alberta).
Year-over-year (January 2024 vs January 2023)
Nova Scotia’s new housing prices declined 1.4% from January 2023 to January 2024. Nationally, prices were down 0.7%.
New housing prices increased year-over-year only in Manitoba and Alberta. Among the 6 provinces reporting declining year-over-year new housing prices, Saskatchewan reported the largest decrease. New housing prices were unchanged in Prince Edward Island and British Columbia.
Halifax new home prices declined 1.4% year-over-year in January 2024. Among Census Metropolitan Areas, new housing prices were up year-over-year only for Québec City, Trois-Rivières, Winnipeg, Calgary, and Vancouver. Calgary and Québec City reported the largest year-over-year gains while Ottawa, Victoria, and Saskatoon reported the sharpest year-over-year declines in new housing prices.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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