Issue 16-77: Price of New Housing

April 15, 2016

The cost of new housing in B.C.’s two largest metropolitan areas rose in February. In Victoria, new housing prices were 0.2% higher than in the same month of 2015, marking the first increase since September of 2008. Meanwhile, homebuilders in the Vancouver area received 4.0% more for their projects.

Nationally, new housing prices were 1.8% higher in February than in the same month of 2015, as prices increased in 16 of the 21 metropolitan area surveyed. Toronto and Oshawa (+4.4%) had the largest price boost, followed by Vancouver and Hamilton (+3.4%).

Data Source: Statistics Canada