New housing price index flat since summer
But well above where it was during the first year of the pandemic
By Rob Roach, ATB Economics 22 September 2021 1 min read
The average price of newly built homes in Alberta has barely budged since June.
The new home price index for Alberta was, however, 9.3% higher in August 2021 than the average over the first 12 months of the pandemic.
The index reached its lowest point since 2017 in July and August of 2020.
In Edmonton, the index was 6.1% higher in August than during the first year of the pandemic compared to 12.3% higher in Calgary.
Nationally, the index in August 2021 was 10.9% above the average set during the first year of the pandemic.
The hottest markets in the country were in Ontario. The average price of a new home in the Ontario part of Ottawa was 25.3% higher in August 2021 than during the first year of the pandemic. The next highest increase was in the Kitchener-Cambridge-Waterloo region (+24.3%) followed by Windsor (+21.1%).
The smallest upticks in the index were in Sherbrooke, Quebec (+1.2%), Trois-Rivières, Quebec (+4.10%) and St. John's, Newfoundland and Labrador (+4.3%).
Answer to the previous trivia question: U.S. cash is composed of 75% cotton and 25% linen.
Today’s trivia question: Single-detached houses make up what percentage of all homes in Alberta?