The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
April 17, 2024TERANET-NATIONAL BANK HOUSE PRICE INDEX, MARCH 2024 Monthly (March 2024 vs February 2024, seasonally adjusted)
Halifax resale home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), declined 1.8% from February to March.
The composite 11-city index of resale house prices increased 0.2% with gains in 4 of 11 urban areas. Vancouver and Edmonton reported the fastest gains over February while Ottawa and Hamilton reported the largest decline.
Year-over-year (March 2024 vs March 2023)
Halifax resale home prices were up 5.6% from March 2023 to March 2024. Prices for the 11-city composite index were up 5.5% with gains in all cities. Calgary reported the fastest pace of growth while Ottawa reported the slowest pace of growth.
Year-to-date (January-March 2024 vs January-March 2023)
Halifax resale home prices were up 8.6% comparing the average of the first three months of 2024 with the same period in 2023. Prices were up 4.6% in the 11-city composite index with gains in all cities. Calgary and Quebec City reported the fastest gains while Edmonton and Victoria reported the smallest gains.
Trends
After recording year-over-year house price declines for most of the first half of 2023, Halifax resale home prices returned to positive year-over-year growth starting in the second half of 2023. Year-over-year house price growth in Halifax has outpaced national gains in each of the last eight months.
Prices declined in each of the two most recent months in Halifax. In March 2024, there were new highs set for resale home prices in Calgary.
Source: Teranet-National Bank
<--- Return to Archive
