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

January 10, 2019
NEW HOUSING PRICE INDEX, NOVEMBER 2018

The price of new housing in Nova Scotia remained flat month to month, at a level of 101.6 in November 2018. The national new housing price index was unchanged for the fourth consecutive month, remaining at 103.3. 

 

Nova Scotia new housing prices were 0.5 per cent higher than they were in November 2017. National housing prices were flat in year over year terms, as house price growth continues to slow.

Year-to-date (January to November), Nova Scotia's new housing prices were up 1.1 per cent compared to the first eleven months of 2017. National housing prices were up 1.1 per cent over 2017 in year to date terms. BC saw the fastest growth (+3.6 per cent) while Newfoundland and Labrador, Saskatchewan and Alberta all reported lower new housing prices year-to-date. 

Census Metropolitan Areas

Comparing the first eleven months of 2018 with the same period in 2017, price growth among Census Metropolitan Areas was fastest in London, Ottawa, and Vancouver. 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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