According to StatsCan, the NHPI rose 0.3% in May following identical increases in March and April. Year-over-year new home prices were up 2.9% in Canada.
Calgary prices registered a similar 0.3% increase month-over-month, and was up 3.1% year-over-year.
The largest year-over-year increases were recorded in:
- Regina (+7.4%)
- St. John’s (+6.2%)
- Vancouver (+5.8%).
Among the 21 metropolitan areas surveyed, 3 registered 12-month declines in May:
- Victoria (-3.9%)
- Charlottetown (-1.6%)
- Edmonton (-0.1%)
Between April and May, prices increased the most in Regina (+3.4%), followed by Toronto and Oshawa (+0.7%).
The largest month-over-month decreases were in Kitchener (-0.8%), Victoria (-0.4%), Windsor (-0.2%) and London (-0.1%).