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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

October 11, 2018
NEW HOUSING PRICE INDEX, AUGUST 2018

The price of new housing in Nova Scotia was level with the previous month, at 102.0. The national new housing price index was also flat month to month, at 103.3. 

 

Nova Scotia new housing prices were 1.3 per cent higher than they were in August 2017. National housing prices were up 0.4 per cent, year-over-year.

Year-to-date (January to August), Nova Scotia's new housing prices were up 1.3 per cent in Nova Scotia compared to the first eight months of 2017. National housing prices were up 1.5 per cent over 2017 in year to date terms. British Columbia saw the fastest growth (+4.8 per cent) while Saskatchewan, Alberta and Newfoundland and Labrador all reported lower new housing prices. 

 

Census Metropolitan Areas

Comparing the first eight 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, Calgary 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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