The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
January 18, 2024TERANET-NATIONAL BANK HOUSE PRICE INDEX, DECEMBER AND ANNUAL 2023 Monthly (December 2023 vs November 2023, seasonally adjusted)
Halifax resale home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), rose 2.2% from November to December.
The composite 11-city index of resale house prices decreased 0.5% with gains in 6 of 11 urban areas, and Edmonton largely unchanged. Calgary and Halifax reported the fastest gains over November while Victoria and Vancouver reported the largest declines.
Year-over-year (December 2023 vs December 2022)
Halifax resale home prices were up 10.6% from December 2022 to December 2023 - the fastest growth among the 11 cities in the composite index. Prices for the 11-city composite index were up 3.1% with gains in all cities except Victoria and Edmonton.
Trends
After recording year-over-year house price declines for most of the first half of 2022, Halifax resale home prices have again returned to positive year-over-year growth during the second half of 2023.
In December 2023, there were new highs set for resale home prices in Halifax, Québec City and Calgary.
Annual (2023 vs 2022)
Halifax resale home prices were up 1.5% comparing the monthly average 2023 with the same period in 2022. Prices were down 2.0% in the 11-city composite index with declines in 7 of the 11 cities. Hamilton reported the largest decline while Calgary reported the biggest gain.
Source: Teranet-National Bank
<--- Return to Archive
