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New Housing Price Index: N# w' D' l( ^# {% X0 @0 s
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New housing prices were up 0.7% in October compared to September. The 12-month increase grew to 5.4% from 4.9% the previous month.
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- f" [ O) x/ D6 ]0 I, yBuilding materials and labour cost increases combined with higher fuel costs continued to push new housing prices up at the national level. Land value increases contributed to price hikes in 7 of the 21 metropolitan areas surveyed.9 _; w4 @( ^5 F* q! \0 p& S
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According to the New Housing Price Index (which is based on contractors' selling prices of new homes in 21 metropolitan areas), the price of new homes rose 0.7% on a monthly basis, up from the 0.6% observed in the previous month.
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; k/ q2 }% X' R0 |1 q b7 qThe New Housing Price Index (1997=100) rose to 131.7 in October.! P j9 L; S) l( I" a# ?
5 ~; a) ]# M1 K; Z7 Z8 GOf the 21 metropolitan areas surveyed, 15 posted monthly gains. Calgary (+3.4%) led the way for the second month in a row followed by Edmonton at 1.1%. These price increases were mainly due to higher material and labour costs, in particular lumber. In Calgary, higher fuel costs were cited as contributing to these increases. Higher lot values were also a factor in both metropolitan areas.2 K) H7 a1 v7 P: y
; ^5 [2 h0 x# @" F, Z1 AOttawa–Gatineau (+0.8%), Québec, St-Catharines–Niagara, Regina (+0.7% for all three), St. John's and Hamilton (+0.6% each) posted significant gains, mostly due to increases in material and labour. Higher fuel costs were also cited in Regina.
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, ]9 K' R- g$ H! R" vMonthly increases were also registered in Saint John, Fredericton and Moncton, Montréal, Toronto and Oshawa, Kitchener, Greater Sudbury/Grand Sudbury and Thunder Bay, Winnipeg and Victoria.
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8 F- I- R7 F7 d* V& R: [. D" YFour metropolitan areas registered no monthly change while the only declines were in Charlottetown (-0.2%) and Windsor (-0.1%).
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New housing price indexes 8 z4 d8 U( e2 p9 u& G
(1997=100): c3 k- P+ n, j* Z+ R4 }
( x" H+ e6 W! V6 k. C' D: a* t October 2005 October 2004 to October 2005 September to October 2005 (% change )
: v. M) q6 ^! Z2 YCanada total 131.7 5.4 0.7
+ a' B0 |- V" C3 {; Y! V& H/ MHouse only 140.0 5.0 0.9
, s# ]6 s/ n# Y- Q+ j1 p7 G; }2 _" mLand only 115.4 5.6 0.3
3 \: i9 A7 E7 QSt. John's 126.8 5.0 0.6 ^, Z8 D0 w- H) @2 y6 Z0 p
Halifax 129.7 6.5 0.0
* ?) e3 S6 R. j* X5 MCharlottetown 115.6 4.6 -0.2 / o6 s: G+ t1 A4 V) c. N( q! U1 \, Q
Saint John, Fredericton and Moncton 110.0 3.8 0.1
8 y8 l1 L% A8 K5 ~" K8 XQuébec 137.5 5.3 0.7
' E, X( H' i* c; P9 a+ }Montréal 143.4 4.1 0.4
4 \) K$ k( {. S7 e% b$ G# j1 qOttawa–Gatineau 156.8 4.3 0.8
. U+ q' @7 p. |Toronto and Oshawa 134.3 4.6 0.4
9 _8 _' F0 l1 _ C) e4 Q; V7 A$ v4 YHamilton 136.3 5.1 0.6
! P/ k2 \! s6 G! VSt. Catharines–Niagara 139.3 5.5 0.7
& z: ~, t' y) M& j9 w* tKitchener 132.5 4.0 0.2
2 O7 e! b1 J- Z. z2 R$ N( fLondon 127.2 4.8 0.0 3 k: d! V9 R; M& _# V. L
Windsor 105.7 2.6 -0.1 8 e+ r- ~4 N; K, i4 m0 Q! u1 X3 u
Greater Sudbury/Grand Sudbury and Thunder Bay 100.8 2.0 0.1 + }% |# P& J% q% S! O# i6 l: |
Winnipeg 135.8 8.9 0.4
4 P; N/ r( M" aRegina 144.6 5.7 0.7
! v8 Z. l! P4 \ g" ]Saskatoon 128.3 3.7 0.0
2 t8 @ P7 f: ?! |Calgary 153.6 9.6 3.4
. r# Q0 X5 k5 X* U% tEdmonton 142.1 8.3 1.1 : I- ~8 z( U* K3 e* B H
Vancouver 106.8 4.7 0.0
; ?% g/ V& B3 B4 Q: I4 v6 AVictoria 117.7 10.0 0.1 $ w) |" S$ d1 S' F* z9 W# _
Note: View the census subdivisions that comprise the metropolitan areas online. |
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