ÐÇ¿Õ´«Ã½

Skip to main content

New home prices edge up slightly in July, first annual increase in 15 months: StatCan

Share

The cost of a new home in Canada was up 0.1 per cent in July compared to a year earlier — the first annual increase since March 2023, according to Statistics Canada.

According to the , which measures builders' selling prices for new residential houses, prices also edged up 0.2 per cent in July compared to the month before.

The month-over-month increase was especially pronounced in Alberta, where prices jumped 0.8 per cent in a month. Over the past year, the price of a new home in Alberta has risen 3.9 per cent, far outpacing every other province.

New home prices have slowly risen back to where they were in summer 2023, though prices are still 0.9 per cent below their high mark in August 2022.

Across Canada

New homes in British Columbia were 0.3 per cent more expensive in July compared to June.

Alberta continues to see new home prices increase, in Calgary especially, where they have shot up 5.2 per cent in the past year.

Saskatchewan saw a monthly increase of 0.4 per cent, which is also the amount prices have grown over the past year. Prices in Regina are still lower than they were a year ago.

Quebec also saw slight positive price movement, though the Sherbrooke region has seen a 1.2 per cent drop in the past year.

Ontario was flat month-over-month, but is down 1.3 per cent overall year-over-year. The Ottawa-Gatineau and Kitchener-Cambridge-Waterloo regions lead the way in losses, down 4.1 and 2.7 per cent, respectively.

CTVNews.ca ÐÇ¿Õ´«Ã½

The province's public security minister said he was "shocked" Thursday amid reports that a body believed to be that of a 14-year-old boy was found this week near a Hells Angels hideout near Quebec City.

Shamattawa RCMP are searching for a missing six-year-old boy who hasn’t been seen since Wednesday morning.

B.C.'s police watchdog is investigating the death of a woman who was shot by the RCMP after allegedly barricading herself in a room with a toddler early Thursday morning.

Quebec Premier Francois Legault is calling on the Bloc Quebecois to topple the Trudeau government next Wednesday and trigger a federal election.

Local Spotlight

They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.

Paleontologists from the Royal B.C. Museum have uncovered "a trove of extraordinary fossils" high in the mountains of northern B.C., the museum announced Thursday.

The search for a missing ancient 28-year-old chocolate donkey ended with a tragic discovery Wednesday.

The Royal Canadian Mounted Police is celebrating an important milestone in the organization's history: 50 years since the first women joined the force.

It's been a whirlwind of joyful events for a northern Ontario couple who just welcomed a baby into their family and won the $70 million Lotto Max jackpot last month.

A Good Samaritan in New Brunswick has replaced a man's stolen bottle cart so he can continue to collect cans and bottles in his Moncton neighbourhood.

David Krumholtz, known for roles like Bernard the Elf in The Santa Clause and physicist Isidor Rabi in Oppenheimer, has spent the latter part of his summer filming horror flick Altar in Winnipeg. He says Winnipeg is the most movie-savvy town he's ever been in.

Edmontonians can count themselves lucky to ever see one tiger salamander, let alone the thousands one local woman says recently descended on her childhood home.

A daytrip to the backcountry turned into a frightening experience for a Vancouver couple this weekend.

Stay Connected