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December 17, 2024NEW HOUSING PRICE INDEX, NOVEMBER 2024 Monthly (November 2024 vs October 2024)

Nova Scotia's new housing prices were unchanged in November compared to the previous month. Nationally new housing prices were up 0.1% from the previous month with gains in 4 provinces. Quebec reported the largest gain in new housing prices. New housing prices were unchanged in 6 of 10 provinces.
Year-over-year (November 2024 vs November 2023)
Nova Scotia’s new housing prices increased by 0.3% from November 2023 to November 2024. Nationally, new housing prices were up 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 November 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 November 2024. Among Census Metropolitan Areas, the largest year-over-year gains were in Calgary and Québec while Ottawa and Kitchner-Cambridge-Waterloo reported the sharpest year-over-year decline in new housing prices.

Year to date (January-November 2024 vs January-November 2023)
In the first eleven months of 2024, Nova Scotia's new housing price index is 0.3% lower compared to the same period in 2023. Nationally, new housing prices were down 0.1% 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 0.3% in January-November 2024 compared to January-November 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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