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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