Canada's new home prices dropped 0.1 percent for the third consecutive month in July of 2019, while markets had forecast prices to remain unchanged. Edmonton (-0.8 percent) reported the largest price decrease in July, with builders offering promotions and cash rebates to stimulate sales. Also, prices fell in Toronto (-0.6 percent) and Vancouver (-0.5 percent), amid unfavourable market conditions and lower negotiated selling prices. On the other hand, prices continued to increase in Montréal (1.6 percent) and Ottawa (0.9 percent). Year-on-year, new house prices went down 0.4 percent, the largest decrease in almost a decade. Housing Index in Canada averaged 67.43 Index Points from 1981 until 2019, reaching an all time high of 103.30 Index Points in November of 2017 and a record low of 37.70 Index Points in May of 1983.

Housing Index in Canada is expected to be 103.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in Canada to stand at 104.30 in 12 months time. In the long-term, the Canada New Housing Price Index is projected to trend around 106.00 Index Points in 2020, according to our econometric models.

Canada New Housing Price Index
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-08-08 12:30 PM New Housing Price Index YoY Jun -0.2% 0% -0.1%
2019-08-08 12:30 PM New Housing Price Index MoM Jun -0.1% -0.1% 0% -0.1%
2019-09-12 12:30 PM New Housing Price Index MoM Jul -0.1% -0.1% 0% 0.2%
2019-09-12 12:30 PM New Housing Price Index YoY Jul -0.4% -0.2% -0.1%
2019-10-10 12:30 PM New Housing Price Index MoM Aug -0.1%
2019-10-10 12:30 PM New Housing Price Index YoY Aug -0.4%
2019-12-12 01:30 PM New Housing Price Index MoM Oct

Canada Housing Last Previous Highest Lowest Unit
Building Permits 8347695.00 8104222.00 9477516.00 57056.00 CAD Thousand [+]
Housing Starts 226.64 222.47 291.60 90.70 Thousand units [+]
Housing Index 102.90 103.00 103.30 37.70 Index Points [+]
Home Ownership Rate 66.30 66.20 67.80 63.90 percent [+]

Canada New Housing Price Index

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. . This page provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada New Housing Price Index - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
102.90 103.00 103.30 37.70 1981 - 2019 Index Points Monthly
2016=100, NSA

Country Last Previous
Argentina 847.45 Jul/19
Australia -0.70 Aug/19
Brazil 129.50 Jun/19
Canada 102.90 Jul/19
China 8.80 Aug/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 163.30 Jul/19
India 105.00 Dec/18
Indonesia 210.38 Sep/19
Italy 97.80 Mar/19
Japan 115.55 May/19
Netherlands 132.40 Jul/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Jun/19
Singapore 150.80 Jun/19
South Korea 99.60 Aug/19
Spain 1636.30 Mar/19
Switzerland 167.31 Jun/19
Turkey 111.00 Jun/19
United Kingdom 402.71 Aug/19
United States 0.20 Jun/19