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The resilience and strength of the new housing market during the pandemic
This article examines changes in new home prices in Canada for the 27 surveyed census metropolitan areas (CMAs) captured in the New Housing Price Index and compares the ranking of cities based on prices six months into the pandemic (August compared to February).
Ottawa has been Canada's hottest market for new home prices during COVID-19
New home prices are up in most Canadian cities, despite the devastating economic effects of COVID-19, while resource-based markets continue to struggle. Ottawa is the country’s hottest housing market for new builds, excluding condos and apartments, according to data in Statistics Canada's New...