Canadian new home prices saw a slight increase in February
The national index edged up 0.1% month over month in February. Prices were up in 6 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 19 CMAs and declined in 2. This marks the first monthly increase in the index since August 2023.
In February 2024, new home prices appreciated the most on a month-over-month basis in Montréal (+0.4%) and Edmonton (+0.3%).
The largest monthly decline in February 2024 was seen in Winnipeg (-0.9%) where builders linked the decrease to lower construction costs.
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