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September 13, 2018NEW HOUSING PRICE INDEX, JULY 2018 The price of new housing in Nova Scotia rose 0.2 per cent in July, to a level of 102.0. The national new housing price index edged up 0.1 per cent in July, once again reaching the level achieved in late 2017 and January 2018.
Nova Scotia new housing prices were 1.2 per cent higher than they were in July 2017. National housing prices were up 0.5 per cent, year-over-year.
Year-to-date (Jan-July), Nova Scotia's new housing prices were up 1.3 per cent in Nova Scotia compared to the first seven months of 2017. National housing prices were up 1.7 per cent in the first seven months of 2018 compared to the same months in 2017. British Columbia saw the fastest growth (+5.4 per cent) while Saskatchewan, Alberta and Newfoundland and Labrador all reported lower new housing prices.
Census Metropolitan Areas
Comparing the first seven months of 2018 with the same period in 2017, price growth among Census Metropolitan Areas was fastest in Vancouver, London, and Ottawa. New housing prices have declined in St. John's, Regina, Saskatoon and Edmonton.
Statistics Canada Note: With the release of the January 2017 NHPI data, a number of important changes have been introduced to increase the relevance of the index series. The index base period, for which the NHPI equals 100, is now December 2016. The NHPI basket has been updated with new weights for the 2017 series, its coverage has been expanded to include new CMAs.
Source Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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