-
New Housing Price Index, May 2019
Nationally, new house prices were down 0.1% in May, after remaining unchanged for three consecutive months. In May, builders in 16 of the 27 census metropolitan areas (CMAs) surveyed reported flat or lower prices. The largest declines of new home prices were in Saskatoon (-0.5%) and Victoria (-0.4%). Deteriorating market conditions were the primary reason for the decreases. The declines coincided with a higher unemployment rate in May in both CMAs. Saskatoon's unemployment rate has been above the provincial and national rate since October 2016. New residential listings were also down in Saskatoon (-4.0%) in May, ... (full story)