Statistics Canada recently released new data on the national new housing price index, and it looks like prices are on the rise in Alberta. By a lot.
Here is how each province fared in the index for August 2022:
| MB | 143.6 |
| QC | 141.5 |
| BC | 128.7 |
| ON | 127.6 |
| PEI | 122.8 |
| NS | 122.0 |
| NB | 119.5 |
| AB | 118.2 |
| SK | 106.7 |
| NL | 105.2 |
According to this new data, Manitoba tops the list at 143.6, followed by Québec and BC, at 141.5 and 128.7, respectively.
Alberta, on the other hand, comes in third lowest, at 118.2, behind Saskatchewan and Newfoundland and Labrador.
Now let’s check how things changed from July.
| Jul 2022 | Aug 2022 | Change | |
|---|---|---|---|
| SK | 106.1 | 106.7 | 0.6 |
| AB | 118.0 | 118.2 | 0.2 |
| QC | 141.4 | 141.5 | 0.1 |
| ON | 127.5 | 127.6 | 0.1 |
| MB | 143.6 | 143.6 | 0.0 |
| BC | 128.7 | 128.7 | 0.0 |
| PEI | 122.8 | 122.8 | 0.0 |
| NS | 122.0 | 122.0 | 0.0 |
| NB | 119.5 | 119.5 | 0.0 |
| NL | 105.2 | 105.2 | 0.0 |
When we compare each province to the previous month, Alberta was one of only four provinces that saw its price index increase. In fact, we saw the second largest increase (0.2), behind only Saskatchewan (0.6).
Now let’s see how much the index changed for each province over the last year.
| Aug 2021 | Aug 2022 | Change | |
|---|---|---|---|
| MB | 126.6 | 143.6 | 17.0 |
| AB | 106.5 | 118.2 | 11.7 |
| QC | 131.4 | 141.5 | 10.1 |
| BC | 120.8 | 128.7 | 7.9 |
| ON | 121.1 | 127.6 | 6.5 |
| NB | 114.1 | 119.5 | 5.4 |
| NS | 117.8 | 122.0 | 4.2 |
| SK | 103.0 | 106.7 | 3.7 |
| PEI | 119.8 | 122.8 | 3.0 |
| NL | 102.8 | 105.2 | 2.4 |
Over the last year, every province saw an increase in their new housing price index ranking, but Alberta was once again in second place, having increased 11.7 points.
Only Manitoba saw a larger increase (17.0) than Alberta over the last year.
Statistics Canada also included new housing price index data for 27 of Canada’s largest communities, including Calgary and Edmonton.
Here is how each city fared last month:
| Kitchener-Cambridge-Waterloo | 159.4 |
| Montréal | 151.5 |
| Windsor | 148.7 |
| London | 148.1 |
| Winnipeg, Manitoba | 143.6 |
| St. Catharines-Niagara | 130.5 |
| Vancouver | 129.4 |
| Victoria | 125.3 |
| Québec | 125.3 |
| Calgary | 125.2 |
| Kelowna | 124.6 |
| Guelph | 124.0 |
| Charlottetown | 122.8 |
| Halifax | 122.0 |
| Oshawa | 122.0 |
| Greater Sudbury | 122.0 |
| Saint John, Fredericton, and Moncton | 119.5 |
| Hamilton | 116.8 |
| Ottawa-Gatineau part/Quebec | 116.0 |
| Toronto | 115.6 |
| Sherbrooke | 111.5 |
| Trois-Rivières | 111.0 |
| Edmonton | 110.6 |
| Saskatoon, Saskatchewan | 109.0 |
| St. John’s | 105.2 |
| Regina, Saskatchewan | 103.1 |
A new housing price index of 125.2 put Calgary in 10th place, and Edmonton came in fourth from last place with 110.6.
Only 4 cities saw their index ranking change over the previous month.
| Jul 2022 | Aug 2022 | Change | |
|---|---|---|---|
| Kitchener–Cambridge–Waterloo | 159.0 | 159.4 | 0.4 |
| Calgary | 124.9 | 125.2 | 0.3 |
| Edmonton | 110.5 | 110.6 | 0.1 |
| Ottawa–Gatineau/Ontario part | 175.8 | 175.7 | -0.1 |
The index for both Calgary and Edmonton increased between July and August, by 0.3 and 0.1 points, respectively.
Between August 2021 and August 2022, all the cities in the dataset saw their index increase.
| Aug 2021 | Aug 2022 | Change | % change | |
|---|---|---|---|---|
| Winnipeg | 126.6 | 143.6 | 17.0 | 13.43% |
| Kitchener–Cambridge–Waterloo | 142.5 | 159.4 | 16.9 | 11.86% |
| Calgary | 109.0 | 125.2 | 16.2 | 14.86% |
| Windsor | 134.9 | 148.7 | 13.8 | 10.23% |
| Ottawa–Gatineau/Ontario part | 162.3 | 175.7 | 13.4 | 8.26% |
| Montréal | 139.6 | 151.5 | 11.9 | 8.52% |
| London | 136.3 | 148.1 | 11.8 | 8.66% |
| Victoria | 114.3 | 125.3 | 11.0 | 9.62% |
| Québec | 115.2 | 125.3 | 10.1 | 8.77% |
| Vancouver | 121.5 | 129.4 | 7.9 | 6.50% |
| Edmonton | 103.8 | 110.6 | 6.8 | 6.55% |
| Sherbrooke | 105.2 | 111.5 | 6.3 | 5.99% |
| Regina | 97.4 | 103.1 | 5.7 | 5.85% |
| Saint John, Fredericton, & Moncton | 114.1 | 119.5 | 5.4 | 4.73% |
| Kelowna | 119.4 | 124.6 | 5.2 | 4.36% |
| St. Catharines–Niagara | 125.5 | 130.5 | 5.0 | 3.98% |
| Toronto | 111.1 | 115.6 | 4.5 | 4.05% |
| Halifax | 117.8 | 122.0 | 4.2 | 3.57% |
| Oshawa | 118.8 | 122.0 | 3.2 | 2.69% |
| Charlottetown | 119.8 | 122.8 | 3.0 | 2.50% |
| Saskatoon | 106.3 | 109.0 | 2.7 | 2.54% |
| St. John’s | 102.8 | 105.2 | 2.4 | 2.33% |
| Trois–Rivières | 109.5 | 111.0 | 1.5 | 1.37% |
| Greater Sudbury | 120.9 | 122.0 | 1.1 | 0.91% |
| Guelph | 123.0 | 124.0 | 1.0 | 0.81% |
| Ottawa–Gatineau/Quebec part | 115.0 | 116.0 | 1.0 | 0.87% |
| Hamilton | 116.1 | 116.8 | 0.7 | 0.60% |
Calgary saw the third largest year-over-year increase in its new housing price index, compared to all the other cities. Edmonton was in 11th place.
When we look at increases as a percentage, Calgary’s 14.86% increase was the largest in the country, and Edmonton managed to just barely sneak into the top 10 with a 6.55% increase.
