Prices of new homes in Canada rose by 0.3 percent from the previous month in December 2020, following a 0.6 percent increase in the previous month. New home prices rose in 17 of the 27 census metropolitan areas surveyed in December, with prices in Oshawa (+3.1 percent) growing at the fastest pace. Builders in Oshawa tied the increase to strong market conditions over the past months. Employment data also supported the demand for housing in the city, as Oshawa led all CMAs in employment growth in December. At the same time, General Motors recently announced that an assembly plant will reopen in Oshawa, which is expected to create 2,300 new jobs. In contrast, Edmonton posted the only monthly decline (-0.2 percent), driven by lower negotiated selling prices. Year-on-year, new house prices advanced 4.6 percent in December, the same pace as in November, the largest increase since April 2008. source: Statistics Canada
Housing Index in Canada averaged 68.75 points from 1981 until 2020, reaching an all time high of 108.20 points in December 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 January of 2021.
Housing Index in Canada is expected to be 105.00 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 104.30 in 12 months time. In the long-term, the Canada New Housing Price Index is projected to trend around 103.80 points in 2022, according to our econometric models.