Issue 16-155: Price of New Housing

August 11, 2016

The cost of new housing in B.C.’s two biggest cities continued to climb in June. The new housing price index in Victoria was 2.8% higher than in June 2015, and prices in Vancouver rose 5.2%. The climb was due to rising prices for new houses, as land values were unchanged in both cities.

Among the Canadian cities surveyed, Toronto/Oshawa (+6.2%) posted the strongest year-over-year increase in new housing prices, followed by Vancouver and St. Catharines-Niagara (+4.9%). The national average was 2.5%.

Data Source: Statistics Canada