Canada’s New Home Prices Fall in September

Canada’s new home prices fell 0.2% month over month in September 2026, slightly less than forecasts of a 0.1% decline. The drop was the steepest since May. House-only prices decreased 0.16%, following a 0.1% decline in August. Land prices fell 0.9%, after remaining unchanged in the previous month.

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.