New house prices in Canada edged up 0.1 percent for the second consecutive month in June 2020, matching market expectations, as builders entered the third full month of modified operations due to the coronavirus pandemic. Sales volumes increased from the previous month, as the real estate industry embraced new ways to serve their clients through the adoption of virtual tools and physical distancing measures, and as some builders in the residential construction industry also adapted to new technology. New house prices in St. Catharines–Niagara saw the largest increase (1.0 percent) in response to good market conditions in the region, while new home prices in Toronto were unchanged. Price of new houses in Vancouver edged up 0.1 percent, while buyers in Kelowna saw prices rise 0.4 percent. Year-on-year, new house prices rose 1.3 percent, the seventh consecutive month of gains.
Housing Index in Canada averaged 68.27 points from 1981 until 2020, reaching an all time high of 104.30 points in June of 2020 and a record low of 37.70 points in May of 1983. This page provides - Canada New Housing Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada New Housing Price Index - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Canada
Housing Index in Canada is expected to be 104.20 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 103.80 in 12 months time. In the long-term, the Canada New Housing Price Index is projected to trend around 103.60 points in 2021 and 103.40 points in 2022, according to our econometric models.