Canadian new home prices decline slightly in January

Statistics Canada
February 21, 2024
Category: Finance & Economics
Region: Canada

Canadian new home prices decline slightly in January. The national index edged down 0.1% month over month in January. Prices were down or unchanged in 21 of the 27 census metropolitan areas (CMAs) surveyed. The largest month-over-month decrease in January was recorded in Ottawa (-0.4%). …Notable price decreases were also observed in Vancouver (-0.3%), Montréal (-0.3%) and Calgary (-0.2%). In January, the largest month-over-month increase in new home prices was seen in Edmonton (+0.8%) and Trois-Rivières (+0.4%). …Nationally, new home prices were down 0.7% year over year in January. This marked the 10th consecutive annual decrease recorded and the longest period of consecutive declines since 2009.

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