Canada New Housing Price Decline Slows

Canada’s new housing prices fell 0.1% month over month in August 2026, matching the decline recorded in July. The drop was also the same as in the previous two months and remained the smallest since prices last increased in February. House-only prices decreased 0.1%, following a 0.2% decline in July, while land prices were unchanged after falling 0.1% in the previous month.

Canada’s new housing prices fell 0.1% month-on-month in July 2026, matching the pace of decline in June and missing market expectations for a flat reading. The decline remained the smallest since prices last increased in February, as land prices (-0.2% vs -0.4%) and house-only prices (-0.1% vs -0.3%) declined, albeit at a slower pace than the previous month. On an annual basis, new housing prices fell 2.3%, unchanged from June.

New housing prices in Canada fell 0.1% month-over-month in June 2026, following a 0.3% decline in May. The drop was smaller than the 0.2% decline expected by markets and marked the mildest monthly decrease since prices last increased in February. The decline was driven by a 0.3% fall in land prices, while house-only prices rose 0.1%. On an annual basis, new housing prices declined 2.3%, easing slightly from a 2.4% drop in May.