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.

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Canada New Housing Price Index

Actual Previous Highest Lowest Dates Unit Frequency
104.10 104.10 104.10 37.70 1981 - 2020 points Monthly
2016=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-22 12:30 PM New Housing Price Index YoY Mar 0.9% 0.6% 0.6%
2020-04-22 12:30 PM New Housing Price Index MoM Mar 0.3% 0.4% 0%
2020-05-21 12:30 PM New Housing Price Index MoM Apr 0% 0.3% 0.1% 0.1%
2020-05-21 12:30 PM New Housing Price Index YoY Apr 0.9% 0.9% 1%


News Stream
Canada New Housing Prices Unchanged in April
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.
2020-05-21
Canada New Housing Prices Rise 0.3% in March
New housing prices in Canada went up 0.3% month-over-month in Marcho of 2020, after a 0.4 percent increase in February. Prices rose in 13 of the 27 census metropolitan areas. Builders in Ottawa (+1.2%), Montréal (+0.7%) and Guelph (+0.7%) reported the largest gains, citing favourable market conditions and higher construction costs. The biggest declines were seen in Oshawa (-0.6%) and Regina (-0.3%). COVID-19 had no known impact on new house prices in March, as the outbreak was declared a pandemic on March 11th and builders across the country were still operating normally and all of their home sales centers were open during the reference period (February 16 to March 15). In the short term, we expect little or no change in new house prices, especially for the markets where the demand was already high prior to COVID-19, Statistics Canada said.
2020-04-22
Canada New Housing Prices Rise More than Expected
Canada new housing prices in Canada rose 0.4 percent over a month earlier in February 2020, following a 0.2 percent gain in January and above market expectations of a 0.1 percent increase. Prices for new houses advanced the most in Ottawa (+1.1 percent), continuing the upward trend that began in October 2017, driven by favourable market conditions as part of the Ontario Fair Housing Plan, a 15% Non-Resident Speculation Tax was introduced in Toronto and the surrounding Greater Golden Horseshoe Region in 2017, making Ottawa a more attractive and affordable market. Prices in St. Catharines–Niagara (+1.1 percent), Victoria (+1 percent) and Kitchener–Cambridge–Waterloo (+0.9 percent) were also up. Year-on-year, new home prices increased 0.6 percent, after rising 0.2 percent in the previous month.
2020-03-19
Canada New Housing Prices Unchanged in January
Canada new housing prices in Canada were unchanged in January 2020, after rising 0.2 percent in the previous month and below market expectations of a 0.2 percent gain. Prices for new houses increased the most in Ottawa (+1.4 percent), primarily driven by favourable market conditions and higher construction costs. The persistent housing supply shortage continued to push prices up in the region. Prices in Greater Sudbury (+1.1 percent) and Kelowna (+0.6 percent) were also up. On the other hand, prices dropped in Regina (-1.2 percent); Saskatoon (-0.5 percent); Toronto (-0.4 percent) and Vancouver (-0.2 percent). Year-on-year, new home prices advanced 0.2 percent, following a 0.1 percent rise in the prior month.
2020-02-20

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.