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CA New Housing Price Index, June 2024
The national index decreased by 0.2% in June as compared with May. Prices were down in 10 of the 27 census metropolitan areas (CMAs) surveyed in June and unchanged in 12, while prices rose in the remaining 5 CMAs. The largest month-over-month declines were reported in Victoria (-1.3%), Vancouver (-0.6%) and St. Catharines–Niagara (-0.6%). Builders offered cash incentives or design credits for the purchase of a new home, as the market remained muted in June. More newly built homes were available in the market, as the inventory of unsold completed single-family homes increased in Victoria (+87.6%), Vancouver (+45.1%) ... (full story)