New housing prices in Canada fell 0.3% month-on-month in May 2026, after a 0.4% decrease in April and below expectations of a 0.1% decline. House-only prices fell 0.4%, easing from a 0.6% decline in the previous month, while land-only prices fell 0.3%, accelerating from a 0.1% decline. On an annual basis, new housing prices fell 2.4% in May, up from a 2.3% decline in the prior month, and reaching the largest decline since September 2009. source: Statistics Canada

House Price Index MoM in Canada decreased by 0.30 percent in May from -0.40 percent in April of 2026. House Price Index MoM in Canada averaged 0.21 percent from 1981 until 2026, reaching an all time high of 3.10 percent in March of 1987 and a record low of -1.90 percent in February of 1991. This page includes a chart with historical data for Canada House Price Index MoM. Canada New Housing Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

House Price Index MoM in Canada decreased by 0.30 percent in May from -0.40 percent in April of 2026. House Price Index MoM in Canada is expected to be -0.20 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 MoM is projected to trend around 0.30 percent in 2027 and 0.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-19 12:30 PM
New Housing Price Index MoM
Apr -0.4% -0.2% 0% -0.1%
2026-06-17 12:30 PM
New Housing Price Index MoM
May -0.3% -0.4% -0.1% -0.3%
2026-07-23 12:30 PM
New Housing Price Index MoM
Jun -0.3% -0.2%


Related Last Previous Unit Reference
Average House Prices 657700.00 658300.00 CAD May 2026
Building Permits 12491125.00 13514761.00 CAD Thousand Apr 2026
Building Permits MoM -7.60 10.60 percent Apr 2026
Home Ownership Rate 66.70 69.30 percent Dec 2023
Home Sales 37862.00 35877.00 units May 2026
New Housing Price Index MoM -0.30 -0.40 percent May 2026
New Housing Price Index YoY -2.40 -2.30 percent May 2026
Housing Index 120.70 121.10 points May 2026
Housing Starts 261.40 278.40 Thousand units May 2026
Price to Rent Ratio 128.81 122.80 Jun 2026
Residential Property Prices -4.80 -3.38 Percent Mar 2026


Canada New Housing Price Index MoM
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.40 3.10 -1.90 1981 - 2026 percent Monthly
NSA

News Stream
Canada New Housing Prices Down 0.3%
New housing prices in Canada fell 0.3% month-on-month in May 2026, after a 0.4% decrease in April and below expectations of a 0.1% decline. House-only prices fell 0.4%, easing from a 0.6% decline in the previous month, while land-only prices fell 0.3%, accelerating from a 0.1% decline. On an annual basis, new housing prices fell 2.4% in May, up from a 2.3% decline in the prior month, and reaching the largest decline since September 2009.
2026-06-17
Canada New Housing Prices Fall in April
New housing prices in Canada declined 0.4% month-on-month in April 2026, following a 0.2% decrease in March and defying market expectations for no change. The house-only component fell 0.6%, accelerating from a 0.3% decline in the previous month, while the land-only index edged down 0.1% after a 0.3% drop. On an annual basis, new housing prices were down 2.3%, matching the pace of decline recorded in March.
2026-05-19
Canada New Housing Prices Unexpectedly Fall
New housing prices in Canada fell by 0.2% month-on-month in March 2026, after a 0.3% increase in February, defying market forecasts of a 0.2% rise. The house-only index edged down by 0.3%, following a 0.3% uptick in February, and the land-only component also fell by 0.3%, after a 0.3% rise in the preceding month. On an annual basis, new housing prices declined by 2.3%, following a 2.1% drop in the previous month.
2026-04-22