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New Housing Price Index, February 2024
The national index edged up 0.1% month over month in February. Prices were up in 6 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 19 CMAs and declined in 2. This marks the first monthly increase in the index since August 2023. In February 2024, new home prices appreciated the most on a month-over-month basis in Montréal (+0.4%) and Edmonton (+0.3%). This is the first monthly increase in new housing prices seen in Montréal since August 2023 and the largest increase since May of the same year. The largest monthly decline in February 2024 was seen in Winnipeg (-0.9%) where builders ... (full story)