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July 21, 2023NEW HOUSING PRICE INDEX, JUNE 2023 Monthly (June 2023 vs May 2023)
In Nova Scotia new housing prices were unchanged from the previous month in June 2023. Nationally, prices were up 0.1% from May. British Columbia was the only province reporting a monthly increase in new housing prices in June. Saskatchewan posted the largest monthly decline. New housing prices were unchanged in six provinces.
Year-over-year (June 2023 vs June 2022)
Nova Scotia’s new housing prices declined 0.6% from June 2022. Nationally, prices were down 0.7%.
Three provinces posted gains in new housing prices led by Quebec and Newfoundland and Labrador. Manitoba reported the largest year-over-year decline in new housing prices. New housing prices were unchanged in New Brunswick.
Halifax new home prices decreased 0.6% year over year in June 2023. New housing price growth among Census Metropolitan Areas was fastest in Québec City. New housing prices declined in 20 CMAs led by Edmonton.
Year-to-date (January-June 2023 vs January-June 2022)
Nova Scotia new housing prices increased 1.6% on average through the first half of the year. Nationally new housing prices increased 0.4% with gains in all provinces except British Columbia. Alberta had the largest increase followed by Quebec and Nova Scotia.
Halifax's new housing price index was up 1.6% for January-June 2023 compared to the same period in 2022. Most of the cities had growth with the fastest growth in Calgary. New housing prices declined the most in Victoria and Kitchener-Cambridge-Waterloo.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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