The Daily, Tuesday, January 10, 2006. New Housing Price Index

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New Housing Price Index

The New Housing Price Index rose 0.5% in November, down slightly from October's increase of 0.7%. On a 12-month basis, prices were up 5.5% compared to 5.4% the previous month.

The New Housing Price Index (1997=100) rose to 132.4 in November.

New Housing Price Indexes

(1997=100)

November 2005

November 2004 to November 2005

October to November 2005

% change

Canada total

132.4

5.5

0.5

House only

140.7

5.1

0.5

Land only

115.9

5.7

0.4

St.John's

126.8

3.7

0.0

Halifax

129.7

6.5

0.0

Charlottetown

115.6

4.1

0.0

Saint John, Fredericton and Moncton

110.2

2.8

0.2

Québec

138.5

5.5

0.7

Montréal

143.8

3.7

0.3

Ottawa–Gatineau

156.2

3.9

-0.4

Toronto and Oshawa

134.3

4.3

0.0

Hamilton

136.0

3.5

-0.2

St. Catharines–Niagara

140.9

6.2

1.1

Kitchener

134.0

3.8

1.1

London

127.8

5.1

0.5

Windsor

105.7

2.6

0.0

Greater Sudbury/GrandSudbury and Thunder Bay

101.1

2.1

0.3

Winnipeg

135.9

9.0

0.1

Regina

144.6

5.6

0.0

Saskatoon

128.3

3.7

0.0

Calgary

159.0

13.6

3.5

Edmonton

143.3

8.3

0.8

Vancouver

107.0

4.4

0.2

Victoria

117.9

10.1

0.2

Note:

View the census subdivisions that comprise the metropolitan areas online.

A steady market for new housing, combined with higher building material and labour costs, pushed up new housing prices at the national level. Land value increases contributed to price hikes in 7 of the 21 metropolitan areas surveyed.

Of the 21 metropolitan areas surveyed, 12 posted monthly gains. Calgary (+3.5%) led the way for the third consecutive month. Price increases were mainly due to higher material and labour costs. Increases for drywall, flooring, lumber and excavation were specified. Higher lot values were also a factor.

St-Catharines–Niagara and Kitchener (+1.1% each), Edmonton (+0.8%) and Québec (+0.7%) posted significant gains, for the most part, as a result of increases in material and labour costs.

Monthly increases were also registered in Saint John, Fredericton and Moncton, Montréal, London, Greater Sudbury/Grand Sudbury and Thunder Bay, Winnipeg, Vancouver and Victoria.

Seven metropolitan areas registered no monthly change while Ottawa–Gatineau (-0.4%) and Hamilton (-0.2%) had the only decreases.

Available on CANSIM: table 327-0005.

Definitions, data sources and methods: survey number 2310.

The third quarter 2005 issue of Capital Expenditure Price Statistics (62-007-XIE, $20/$59) will be available soon.

For more information, or to enquire about the concepts, methods or data quality of this release, contact our Client Services Section (613-951-9606, fax: 613-951-1539; infounit@statcan.gc.ca) or Randy Sterns (613-951-8183; sterran@statcan.gc.ca), Prices Division.