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November 22, 2024NEW HOUSING PRICE INDEX, OCTOBER 2024 Monthly (October 2024 vs September 2024)
Nova Scotia's new housing prices were unchanged in October compared to the previous month. Nationally new housing prices were down 0.4% from the previous month with declines in 2 provinces. Manitoba reported the largest gain in new housing prices while Ontario reported the largest decline. New housing prices were unchanged in 6 of 10 provinces.
Year-over-year (October 2024 vs October 2023)
Nova Scotia’s new housing prices increased by 0.3% from October 2023 to October 2024. Nationally, new housing prices were down 0.2% year-over-year.
New housing prices were up in 6 provinces, led by Alberta. Three provinces reported lower new housing prices compared with October 2023: Ontario, Manitoba and British Columbia. New housing prices were unchanged in Prince Edward Island.
Halifax new home prices increased 0.3% year-over-year in October 2024. Among Census Metropolitan Areas, the largest year-over-year gains were in Calgary and Trois-Rivières while Ottawa and Kitchner-Cambridge-Waterloo reported the sharpest year-over-year decline in new housing prices.
Year to date (January-October 2024 vs January-October 2023)
In the first ten months of 2024, Nova Scotia's new housing price index is 0.4% lower compared to the same period in 2023. Nationally, new housing prices were down 0.2% year-to-date with declines in 4 provinces, led by Ontario. Year-to-date new housing prices were up the most in Alberta. New housing prices were unchanged in Prince Edward Island.
Halifax new housing prices were down 0.4% in January-October 2024 compared to January-October 2023. The fastest growth among CMAs was in Calgary and the fastest decline was in Ottawa.
Source: Statistics Canada. Table 18-10-0205-01 New housing price index, monthly
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