New home prices for Canada increased by 5.1 percent from a year earlier in October 2022, easing from a 6.3 percent gain in September. It was the softest reading since December 2020. Calgary (14.1 percent) recorded the sharpest year-over-year growth in new home prices in October 2022, followed by Winnipeg (10.6 percent) and Québec (7.5 percent). source: Statistics Canada
House Price Index YoY in Canada averaged 2.92 percent from 1982 until 2022, reaching an all time high of 16.50 percent in March of 1989 and a record low of -9.70 percent in February of 1991. This page includes a chart with historical data for Canada House Price Index YoY. Canada New Housing Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
House Price Index YoY in Canada is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada New Housing Price Index YoY is projected to trend around 0.90 percent in 2023 and 2.00 percent in 2024, according to our econometric models.