Prices of new homes down in Vancouver, says StatsCan

New homes in Vancouver cost less in September than they did a year ago 

New homes in Vancouver cost less in September than they did a year ago, Statistics Canada announced November 13.

New housing fell 1.2% compared with September 2013. There was no change from August 2014.

Across Canada, the price of new homes increased 1.6% year-over-year, and 0.1% compared with August after growing 0.3% the month before.

New home prices in Calgary increased the most in Canada with a jump that was more than four times the national average at 6.5% in the 12 months to September.

Statistics Canada does not include the cost of new apartments or condos in this calculation. It looks at selling prices of new homes that are agreed upon by the contractor and buyer when sales contracts are signed.

The data comes a day after Teranet released its home price data , which takes into account prices of all homes sold, including older housing. This information showed that in October, Vancouver led the country in terms of price increases compared with one month prior.

ecrawford@biv.com

@EmmaHampelBIV