ÐÇ¿Õ´«Ã½

Skip to main content

New home prices edge up slightly in July, first annual increase in 15 months: StatCan

Share

The cost of a new home in Canada was up 0.1 per cent in July compared to a year earlier — the first annual increase since March 2023, according to Statistics Canada.

According to the , which measures builders' selling prices for new residential houses, prices also edged up 0.2 per cent in July compared to the month before.

The month-over-month increase was especially pronounced in Alberta, where prices jumped 0.8 per cent in a month. Over the past year, the price of a new home in Alberta has risen 3.9 per cent, far outpacing every other province.

New home prices have slowly risen back to where they were in summer 2023, though prices are still 0.9 per cent below their high mark in August 2022.

Across Canada

New homes in British Columbia were 0.3 per cent more expensive in July compared to June.

Alberta continues to see new home prices increase, in Calgary especially, where they have shot up 5.2 per cent in the past year.

Saskatchewan saw a monthly increase of 0.4 per cent, which is also the amount prices have grown over the past year. Prices in Regina are still lower than they were a year ago.

Quebec also saw slight positive price movement, though the Sherbrooke region has seen a 1.2 per cent drop in the past year.

Ontario was flat month-over-month, but is down 1.3 per cent overall year-over-year. The Ottawa-Gatineau and Kitchener-Cambridge-Waterloo regions lead the way in losses, down 4.1 and 2.7 per cent, respectively.

CTVNews.ca ÐÇ¿Õ´«Ã½

A Halifax-area couple has been ordered to pay nearly $61,000 in damages and $4,000 in court costs after their dog attacked and injured a homecare nurse at their residence in 2016.

Local Spotlight

Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.

Saskatchewan’s Jessica Campbell has made hockey history, becoming the first ever female assistant coach in the National Hockey League (NHL).

Have you ever seen videos of hovercrafts online or on TV and thought, 'Wow, I wish I could ride one of those.' One Alberta man did, and then built his own.

A B.C. couple is getting desperate – and creative – in their search for their missing dog.

Videos of a meteor streaking across the skies of southern Ontario have surfaced and small bits of the outer space rock may have made it to land, one astronomy professor says.

A unique form of clouds made an appearance over the skies of Ottawa on Sunday evening.

Bernie Hicks, known as the ‘Batman of Amherst,’ always wanted to sit in a Batmobile until a kind stranger made it happen.

Bubi’s Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.

Weeneebayko Area Health Authority and the Government of Ontario have awarded a $1.8 billion fixed-price contract to design, build and finance a new Far North hospital.

Stay Connected