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- Canadian new home prices edged up 0.1% in November
Canadian new home prices edged up 0.1% in November
Nationally, new home prices edged up 0.1% in November, the same increase as in October. Overall, prices were up in 12 surveyed census metropolitan areas (CMAs), down in 3 and unchanged in the other 12.
New home buyers in Ottawa saw the largest monthly price increase (+0.5%), following a 1.0% rise in October. Builders tied the November gain to improved market conditions.
With the exception of Guelph (+0.1%), prices for new homes were unchanged for the surveyed CMAs in the Greater Golden Horseshoe. Toronto home builders reported no price change in five of the previous six months.
New home prices were unchanged in all three surveyed CMAs in British Columbia, but overall, prices in the province were up 7.6% compared with November 2016.
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