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December 16, 2022NEW HOUSING PRICE INDEX, NOVEMBER 2022 Month-over-month (November 2022 vs October 2022)
In Nova Scotia, the price of new housing did not change from October 2022. Nationally, prices were down 0.2% with declines in five provinces, and no change in five provinces.
Year-over-year (November 2022 vs November 2021)
Nova Scotia’s new housing prices increased 3.6% from November 2021. Nationally, prices were up 4.1%.
All provinces posted gains led by Alberta and Manitoba while Newfoundland and Labrador reported the smallest year-over-year gain.
Halifax new home prices increased 3.6% year over year in November 2022. New housing price growth among Census Metropolitan Areas was fastest in Calgary and Winnipeg. New housing price had the smallest increase in Guelph and no change in Hamilton and Greater Sudbury.
Year-to-date (January-November 2022 vs January-November 2021): Provinces
Nova Scotia new housing prices increased 4.0% on average through the first eleven months of the year. Nationally new housing prices increased 8.0% with gains in all provinces. Manitoba had the largest increase and Newfoundland and Labrador reported the smallest.
Halifax's new housing price index was up 4.0% for January-November 2022 compared to the same period in 2021. All cities had growth with the fastest growth in Winnipeg, Calgary and Kitchener-Cambridge-Waterloo and the slowest growth in Hamilton.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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