The cost of new housing in Vancouver continues to fall, with the city seeing Canada’s biggest decline in September, according to the New Housing Price Index released by Statistics Canada November 14.
Year-over-year, prices for new housing in the city fell by 1.2%. Victoria and Ottawa-Gatineau were the only other cities where prices fell, with dips of 0.6% and 0.3%, respectively.
Nationally, prices increased 1.6% over the same period. The biggest jumps in price were found in:
- Calgary (up 6.3%);
- Winnipeg (up 4.6%); and
- St. Catharines-Niagara (up 3.2%).
Prices in both Vancouver and Canada-wide saw no change from August to September this year. Month-to-month, the biggest changes were found in Alberta, with Calgary prices jumping 0.5% and Edmonton seeing a drop of 0.4%.
