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New Housing Price Index, August 2023
The national index edged up by 0.1% month over month in August. Prices were unchanged in 16 of the 27 census metropolitan areas (CMAs) surveyed, up in 5 and down in 6 CMAs. New home prices increased the most month over month in Calgary (+0.6%), Vancouver (+0.5%) and Sherbrooke (+0.4%). This was the fourth consecutive monthly increase in Calgary, with builders in the CMA noting construction costs as the reason for the price growth. The cost to construct a new house in Calgary rose by 1.1% (single-detached) and by 1.3% (townhouse) in the second quarter compared with the first quarter, as reported by the Building ... (full story)