Canada new home prices were unchanged in April of 2019 for a third consecutive month, and in line with market expectations. The largest declines in prices were in Regina (-0.8%), Calgary and Victoria (each down 0.6%), as well as in Saskatoon (-0.5%), amid deteriorating market conditions. New home prices in Vancouver (-0.2%) and Toronto (-0.1%) were also down, mainly due to to lower negotiated selling prices and market conditions. In contrast, Ottawa (+0.5%), Gatineau and London (each up 0.4%) reported some gains in April, tied to higher construction costs and market conditions. Year-on-year, new home prices went up 0.1 percent, the same pace as in the prior month. Housing Index in Canada averaged 67.19 Index Points from 1981 until 2019, reaching an all time high of 103.30 Index Points in November of 2017 and a record low of 37.70 Index Points in May of 1983.

Housing Index in Canada is expected to be 103.31 Index 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 104.00 in 12 months time. In the long-term, the Canada New Housing Price Index is projected to trend around 106.00 Index Points in 2020, according to our econometric models.

Canada New Housing Price Index
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-09 12:30 PM New Housing Price Index MoM 0% 0% 0%
2019-05-09 12:30 PM New Housing Price Index YoY 0.1% 0.1%
2019-06-13 12:30 PM New Housing Price Index YoY 0.1% 0.1% -0.1%
2019-06-13 12:30 PM New Housing Price Index MoM 0% 0% 0% -0.1%
2019-07-11 12:30 PM New Housing Price Index YoY 0%
2019-07-11 12:30 PM New Housing Price Index MoM -0.1%
2019-09-12 12:30 PM New Housing Price Index YoY

Canada Housing Last Previous Highest Lowest Unit
Building Permits 9331943.00 8134658.00 9331943.00 57056.00 CAD Thousand [+]
Housing Starts 202.34 233.41 291.60 90.70 Thousand units [+]
Housing Index 103.20 103.20 103.30 37.70 Index Points [+]
Home Ownership Rate 66.40 66.20 67.80 63.90 percent [+]

Canada New Housing Price Index

In Canada, New Housing Price Index (NHPI) measures changes over time in the contractors' selling prices of new residential houses, where specifications of each house remain the same between two consecutive periods. . This page provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada New Housing Price Index - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.20 103.20 103.30 37.70 1981 - 2019 Index Points Monthly
2016=100, NSA

Country Last Previous
Argentina 735.30 Apr/19
Australia -3.00 Mar/19
Brazil 129.60 Apr/19
Canada 103.20 Apr/19
China 10.70 May/19
Euro Area 114.04 Dec/18
France 108.50 Dec/18
Germany 160.02 May/19
India 107.00 Sep/18
Indonesia 209.46 Jun/19
Italy 98.20 Dec/18
Japan 114.22 Feb/19
Netherlands 130.40 May/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 148.60 Mar/19
South Korea 99.50 Jun/19
Spain 1636.30 Mar/19
Switzerland 167.20 Mar/19
Turkey 110.00 Apr/19
United Kingdom 769.80 May/19
United States 0.10 Mar/19