New Housing Price Index (NHPI): February 2012

The New Housing Price Index (NHPI) rose 0.3% in February, following a 0.1% increase in January, according to the Statistics Canada report out today. Y/Y the index was up 2.3% in February, following a 2.4% increase the previous month.

Canada NHPI Source: Statistics Canada

From January to February, the largest increases were recorded in:

  • Regina (+2.4%)
  • Halifax (+1.2%)
  • St. Catharines–Niagara (+1.1%)

Regina led the year-over-year category as well, posting a 5.9% increase, followed by Toronto and Oshawa (+5.8%) and Winnipeg (+3.8%).

Among the 21 metropolitan regions surveyed, 3 posted 12-month price declines in February, with Victoria(-2.4%) posting the largest decrease.

In Calgary, the index inched up +0.1% between January and February and was up +0.4% from the previous year.

Source: Statistics Canada (click to enlarge image)

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