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New Housing Price Index
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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., J4 W/ \1 L' S" G% W: _! d, M" u
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Building 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.
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$ D( y4 y% f: W% G i: C# C1 gAccording 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./ r* \" U+ g) S! S% _: E4 M
* i6 k' c- F, }8 @The New Housing Price Index (1997=100) rose to 131.7 in October.& D. n" ^ f9 l. y) y* ]; F ~
* D- V- G. \2 g* n7 wOf 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.
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Ottawa–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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: l4 |' \0 G/ KMonthly 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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2 F5 y8 B, Y# u- [* L7 S5 hFour metropolitan areas registered no monthly change while the only declines were in Charlottetown (-0.2%) and Windsor (-0.1%).
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! p$ T1 Z3 J( ANew housing price indexes & ~! }4 {: f0 e+ ?6 I6 g' S5 q/ Z
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* I5 c1 R6 U ]6 M9 _ October 2005 October 2004 to October 2005 September to October 2005 (% change )
, {/ C) q2 \- S7 {Canada total 131.7 5.4 0.7 ' v1 i, V3 r6 _% F# G
House only 140.0 5.0 0.9
" I! C9 S% U O: vLand only 115.4 5.6 0.3 & k" [" \8 a, [4 Y% `3 x0 o
St. John's 126.8 5.0 0.6
9 W3 v, h$ }7 c* H/ n5 bHalifax 129.7 6.5 0.0 ; [! A5 b" U* g7 ^" d, d! @6 b
Charlottetown 115.6 4.6 -0.2 9 X; f n' ~% D) s2 T( F
Saint John, Fredericton and Moncton 110.0 3.8 0.1
& y& p) _! F8 S& yQuébec 137.5 5.3 0.7
4 W$ U+ P* t. O9 R; UMontréal 143.4 4.1 0.4
# T# @" w' H: y" E7 |, D% P, l2 i4 OOttawa–Gatineau 156.8 4.3 0.8
3 C* C+ K2 x1 W d* ~Toronto and Oshawa 134.3 4.6 0.4
+ t! ^! y& f/ Z) iHamilton 136.3 5.1 0.6 / y+ h3 J; W3 O- `( O
St. Catharines–Niagara 139.3 5.5 0.7 7 f- @. y# e+ C `8 _# a! I
Kitchener 132.5 4.0 0.2
. C/ \, F4 C* t* Q/ T. YLondon 127.2 4.8 0.0
" s7 _4 P$ j7 z' jWindsor 105.7 2.6 -0.1
+ w3 S. o& Q% ?" j' K* LGreater Sudbury/Grand Sudbury and Thunder Bay 100.8 2.0 0.1 & w ~ p) M+ W! t: C' C3 v
Winnipeg 135.8 8.9 0.4 $ M( R# h2 z0 z
Regina 144.6 5.7 0.7
/ e( u T3 k, z8 T& @) }8 S ~5 [Saskatoon 128.3 3.7 0.0 / e& B2 M9 m t: }7 Y& ?2 L
Calgary 153.6 9.6 3.4
) _5 E# U. K& R- |; UEdmonton 142.1 8.3 1.1 & A4 O k% s, x' }4 t# G1 a
Vancouver 106.8 4.7 0.0 % }9 O2 i8 A0 k/ U
Victoria 117.7 10.0 0.1 3 V% I) y% x& n$ n
Note: View the census subdivisions that comprise the metropolitan areas online. |
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