Canada New Housing Prices Down 0.3%

2026-06-17 12:40 By Larissa Caser 1 min. read

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.



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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.
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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.
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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.
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