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.