Canada's new home prices dropped 0.1 percent for the second consecutive month in June 2019, while markets had forecast prices to remain unchanged. Calgary reported the largest price decrease (-1 percent), with builders tying the decrease to deteriorating market conditions. Meanwhile, the prices of new homes were up in Gatineau (1 percent) and Ottawa (0.6 percent), with the rise primarily attributable to higher construction costs amid weather-related disasters in a context of a skilled labour shortage. Also, new home prices in Hamilton were up 0.7 percent, the largest monthly increase since July 2017 on the back of favourable market conditions and more affordable housing prices in Hamilton relative to Toronto. Housing Index in Canada averaged 67.35 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 103.20 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 104.30 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
2019-07-11 12:30 PM New Housing Price Index MoM May -0.1% 0% 0.1% -0.1%
2019-07-11 12:30 PM New Housing Price Index YoY May 0% 0.1% 0%
2019-08-08 12:30 PM New Housing Price Index YoY Jun -0.2% 0% -0.1%
2019-08-08 12:30 PM New Housing Price Index MoM Jun -0.1% -0.1% 0% -0.1%
2019-09-12 12:30 PM New Housing Price Index YoY Jul -0.2%
2019-09-12 12:30 PM New Housing Price Index MoM Jul -0.1%
2019-10-10 12:30 PM New Housing Price Index MoM Aug

Canada Housing Last Previous Highest Lowest Unit
Building Permits 8011944.00 8319272.00 9477516.00 57056.00 CAD Thousand [+]
Housing Starts 222.01 245.46 291.60 90.70 Thousand units [+]
Housing Index 103.00 103.10 103.30 37.70 Index Points [+]
Home Ownership Rate 66.30 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.00 103.10 103.30 37.70 1981 - 2019 Index Points Monthly
2016=100, NSA

Country Last Previous
Argentina 775.68 Jun/19
Australia -3.00 Mar/19
Brazil 129.50 Jun/19
Canada 103.00 Jun/19
China 9.70 Jul/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 163.30 Jul/19
India 105.00 Dec/18
Indonesia 210.38 Sep/19
Italy 97.80 Mar/19
Japan 114.74 Apr/19
Netherlands 130.90 Jun/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Jun/19
Singapore 150.80 Jun/19
South Korea 99.50 Jul/19
Spain 1636.30 Mar/19
Switzerland 167.31 Jun/19
Turkey 111.00 Jun/19
United Kingdom 764.20 Jul/19
United States 0.10 May/19