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. source: Statistics Canada

House Price Index MoM in Canada decreased to -0.40 percent in April from -0.20 percent in March 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 May of 2026.

House Price Index MoM in Canada decreased to -0.40 percent in April from -0.20 percent in March 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-22 12:30 PM
New Housing Price Index MoM
Mar -0.2% 0.3% 0.2% 0.1%
2026-05-19 12:30 PM
New Housing Price Index MoM
Apr -0.4% -0.2% 0% -0.1%
2026-06-19 12:30 PM
New Housing Price Index MoM
May -0.4%


Related Last Previous Unit Reference
Average House Prices 658100.00 659100.00 CAD Apr 2026
Building Permits 13484197.00 12226478.00 CAD Thousand Mar 2026
Building Permits MoM 10.30 -7.80 percent Mar 2026
Home Ownership Rate 66.70 69.30 percent Dec 2023
Home Sales 35578.00 35539.00 units Apr 2026
New Housing Price Index MoM -0.40 -0.20 percent Apr 2026
New Housing Price Index YoY -2.30 -2.30 percent Apr 2026
Housing Index 121.10 121.60 points Apr 2026
Housing Starts 279.30 239.70 Thousand units Apr 2026
Price to Rent Ratio 122.80 124.71 Mar 2026
Residential Property Prices -3.38 -3.19 Percent Dec 2025


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
-0.40 -0.20 3.10 -1.90 1981 - 2026 percent Monthly
NSA

News Stream
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
Canada New Housing Price Index Rises in February
New housing prices in Canada rose 0.3% month-on-month in February 2026, after a 0.4% decline in January, beating forecasts of a 0.3% decrease and marking the first price rise in a year. The house-only index increased 0.3%, rebounding from the previous month’s 0.6% fall. Meanwhile, the land-only component also rose 0.3%, following a flat reading in January. On an annual basis, new housing prices declined 2.1%, compared with a 2.3% drop previously.
2026-03-20