New housing prices in Canada were unchanged in April 2020, after rising 0.9 percent in the previous month and compared with market expectations of a 0.1 percent increase. Prices rose in 13 of the 27 census metropolitan areas, were flat in 11 and declined in 3. However, the number of new homes sold by the builders surveyed in April declined by almost two-thirds (64.1%), amid the coronavirus pandemic. The largest increases were in Guelph (+0.6%), Kitchener–Cambridge–Waterloo (+0.5%) and Ottawa (+0.4%). The growth of new house prices in Canada's historically expensive housing markets, Vancouver and Toronto, remained unchanged. Meanwhile, prices declined the most in Edmonton (-0.3%), Calgary and Regina (both down 0.2%), with the decreases primarily attributable to weak market conditions. On a yearly basis, new house prices went up 0.9 percent, the same pace as in the prior month.
Housing Index in Canada averaged 68.11 points from 1981 until 2020, reaching an all time high of 104.10 points in March of 2020 and a record low of 37.70 points in May of 1983. This page provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada New Housing Price Index - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Canada
Housing Index in Canada is expected to be 103.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Canada to stand at 103.20 in 12 months time. In the long-term, the Canada New Housing Price Index is projected to trend around 103.30 points in 2021 and 103.60 points in 2022, according to our econometric models.