Prices of new homes in Canada edged up 0.6 percent over a month earlier in June of 2021, easing from a 1.4 percent rise in May. New house prices were up in 26 of the 27 census metropolitan areas surveyed, with Vancouver having recorded the only decline of this month (-0.3%), while Calgary saw the highest increase (+3.5%). At the same time, new home prices were almost unchanged in Toronto (+0.1%). The Canadian housing market showed signs of moderating nationally, as new listings decreased for the third straight month (-0.7%), and sales activity was lower in 92% of all local markets. On an annual basis, new house prices jumped 11.9 percent in June, one of the steepest increases on records, continuing an upward trend that began in December of 2020. source: Statistics Canada

Housing Index in Canada averaged 69.20 points from 1981 until 2021, reaching an all time high of 116 points in May of 2021 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 July of 2021.

Housing Index in Canada is expected to be 112.50 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 115.00 in 12 months time. In the long-term, the Canada New Housing Price Index is projected to trend around 115.00 points in 2022 and 118.00 points in 2023, according to our econometric models.

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Canada New Housing Price Index

Actual Previous Highest Lowest Dates Unit Frequency
116.70 116.00 116.70 37.70 1981 - 2021 points Monthly
2016=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-18 12:30 PM New Housing Price Index MoM May 1.4% 1.9% 0.6%
2021-06-18 12:30 PM New Housing Price Index YoY May 11.3% 9.9% 8.5%
2021-07-21 12:30 PM New Housing Price Index YoY Jun 11.9% 11.3%
2021-07-21 12:30 PM New Housing Price Index MoM Jun 0.6% 1.4%
2021-12-21 12:30 PM New Housing Price Index MoM Nov
2021-12-21 12:30 PM New Housing Price Index YoY Nov


News Stream
Canada New Home Prices Edge Higher in June
Prices of new homes in Canada edged up 0.6 percent over a month earlier in June of 2021, easing from a 1.4 percent rise in May. New house prices were up in 26 of the 27 census metropolitan areas surveyed, with Vancouver having recorded the only decline of this month (-0.3%), while Calgary saw the highest increase (+3.5%). At the same time, new home prices were almost unchanged in Toronto (+0.1%). The Canadian housing market showed signs of moderating nationally, as new listings decreased for the third straight month (-0.7%), and sales activity was lower in 92% of all local markets. On an annual basis, new house prices jumped 11.9 percent in June, one of the steepest increases on records, continuing an upward trend that began in December of 2020.
2021-07-21
Canada New Home Prices Rise at Softer Pace in May
Prices of new homes in Canada increased by 1.4 percent from the previous month in May of 2021, following a 1.9 percent rise in April. New house prices were up in 19 of the 27 census metropolitan areas surveyed, with Winnipeg reporting the largest price hike (5.1 percent). However, real estate prices went up at a softer pace in Toronto (0.4 percent), Vancouver (0.8 percent), and Montreal (1.4 percent), as demand in the three largest housing markets in Canada retreated from the previous month. On an annual basis, new house prices jumped 11.3 percent in May, the steepest increase since November of 2006, continuing an upward trend that began in December of 2020.
2021-06-18
Canada New Housing Prices Rise 1.9% MoM
Prices of new homes in Canada rose 1.9 percent from the previous month in April of 2021, following a 1.1 percent increase in March. New house prices were up in 22 of the 27 census metropolitan areas surveyed, as demand remained strong despite higher construction costs linked to price increases for softwood lumber. Year-on-year, new house prices jumped 9.9%, the largest increase since February 2007, continuing an upward trend that began in December of 2020.
2021-05-20
Canada New Housing Prices Rise Less than Expected
Prices of new homes in Canada advanced by 1.1% from the previous month in March of 2021, following one of the largest monthly increases on record in February and slightly below market expectations of a 1.4% rise. Builders in most cities tied the increase in home prices to higher construction costs and shortages of construction materials. At the same time, the strong demand for new houses, fueled by lower borrowing costs and work from home restrictions, continued pushing up new home prices. As many home owners looked for larger living spaces, first-time home buyers also rushed to enter the market. Shortages of homes available on the market have also been creating competition between potential buyers, with some builders only releasing a few lots at a time. New house prices were up in 23 of the 27 census metropolitan areas, particularly in Charlottetown (3.4%). Year-on-year, new house prices jumped 7.9%, the steepest increase since May of 2007.
2021-04-22

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.