Canada new home prices were unchanged in December of 2018 for a fifth consecutive month, matching market expectations. Prices were reported flat or decreasing in 17 of the 27 census metropolitan areas, with the largest declines being observed in Regina (-0.4%), Toronto and Vancouver (-0.1% each). Lower negotiated selling prices and promotions to boost sales as well as unfavorable market conditions were pointed as main reasons to the decrease. In contrast, the largest price increases were reported in Ottawa and Sherbrooke (0.4% both), linked to market conditions and higher construction costs, respectively. Year-on-year, home prices were flat for a second straight month. Prices at the national level were largely unchanged throughout 2018. Housing Index in Canada averaged 66.88 Index Points from 1981 until 2018, 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 103.31 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 104.00 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
2019-01-10 01:30 PM New Housing Price Index MoM 0% 0% 0%
2019-01-10 01:30 PM New Housing Price Index YoY 0% 0.1%
2019-02-14 01:30 PM New Housing Price Index YoY 0% 0% 0% 0.1%
2019-02-14 01:30 PM New Housing Price Index MoM 0% 0% 0% 0.1%
2019-03-14 01:30 PM New Housing Price Index YoY 0%
2019-03-14 01:30 PM New Housing Price Index MoM 0%
2019-04-11 12:30 PM New Housing Price Index YoY

Canada Housing Last Previous Highest Lowest Unit
Building Permits 8812068.00 8312357.00 8812068.00 57056.00 CAD Thousand [+]
Housing Starts 207.97 213.63 291.60 90.70 Thousand units [+]
Housing Index 103.30 103.30 103.30 37.70 Index Points [+]
Home Ownership Rate 66.50 67.80 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.30 103.30 103.30 37.70 1981 - 2018 Index Points Monthly
2016=100, NSA

Country Last Previous
Argentina 615.46 Dec/18
Australia -1.50 Sep/18
Brazil 129.10 Dec/18
Canada 103.30 Dec/18
China 9.70 Dec/18
Euro Area 113.37 Sep/18
France 108.68 Sep/18
Germany 154.18 Dec/18
India 104.00 Jun/18
Indonesia 208.22 Mar/19
Italy 98.40 Sep/18
Japan 110.40 Sep/18
Netherlands 126.60 Dec/18
Russia 1.00 Dec/17
Saudi Arabia 80.40 Dec/18
Singapore 149.60 Dec/18
South Korea 100.00 Jan/19
Spain 1589.50 Sep/18
Switzerland 167.01 Dec/18
Turkey 275.50 Nov/18
United Kingdom 724.00 Jan/19
United States 0.40 Nov/18