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March 21, 2024NEW HOUSING PRICE INDEX, FEBRUARY 2024 Monthly (February 2024 vs January 2024)
In Nova Scotia new housing prices were up 0.2% in February over the previous month. Nationally, new housing prices increased 0.1% from January 2024. Four provinces reported growth in new housing prices, five reported no changes and only Manitoba reported a monthly decline.
Year-over-year (February 2024 vs February 2023)
Nova Scotia’s new housing prices declined 1.2% from February 2023 to February 2024. Nationally, prices were down 0.4%.
New housing prices increased year-over-year in Quebec, Alberta and British Columbia. Among the five provinces reporting declining year-over-year new housing prices, Saskatchewan reported the largest decrease. New housing prices were unchanged in Prince Edward Island.
Halifax new home prices declined 1.2% year-over-year in February 2024. Among Census Metropolitan Areas, the largest year-over-year gains were in Quebec City and Calgary, while Ottawa reported the sharpest year-over-year declines in new housing prices.
Year to date (January-February 2024 vs January-February 2023)
In the first two months of 2024, Nova Scotia's new housing price index is 1.3% lower compared to the same period in 2023. Alberta reported the fastest growth while Saskatchewan reported the fastest decline.
Halifax new housing prices were down 1.3% in Jan-Feb 2024 compared to Jan-Feb 2023. The fastest growth among CMAs was in Quebec City and the fastest decline was in Ottawa.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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