Issue 17-29: Price of New Housing

February 9, 2017

New housing prices in British Columbia’s major cities increased significantly in December 2016. Prices in Victoria were up 5.1% compared to the same month of 2015. Housing prices in Vancouver (+4.2%) climbed at a slightly slower pace than those in the capital city, though still notably faster than the national average (+3.0%). The metropolitan area of Toronto and Oshawa (+8.0%) had the highest housing price inflation over the twelve-month period.

Data Source: Statistics Canada