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.

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Canada New Housing Price Index

Actual Previous Highest Lowest Dates Unit Frequency
104.30 104.20 104.30 37.70 1981 - 2020 points Monthly
2016=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-18 12:30 PM New Housing Price Index MoM May 0.1% 0% 0.2% 0.1%
2020-06-18 12:30 PM New Housing Price Index YoY May 1.1% 0.9% 1.1%
2020-07-21 12:30 PM New Housing Price Index YoY Jun 1.3% 1.1% 1.3%
2020-07-21 12:30 PM New Housing Price Index MoM Jun 0.1% 0.1% 0.1% 0.1%


News Stream
Canada New House Prices Rise 0.1% for 2nd Month
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.
2020-07-21
Canada New Housing Prices Rise Less than Expected
New housing prices in Canada rose 0.1 percent over a month earlier in May 2020, following a flat reading in the previous month but below market expectations of a 0.2 percent increase. Builders entered the second full month of modified operations since the coronavirus pandemic. The continuing challenges from both the builder and buyer still adjusting to this new reality coincided with new home prices showing little or no change in 21 out of the 27 census metropolitan areas surveyed. Ottawa (+1.0%) reported the largest increase in new home prices despite COVID-19, builders continued to report strong demand for new homes in the region. Also, new house prices in Charlottetown rose 0.6 percent, while in Vancouver and Toronto, were unchanged for the second consecutive month. On a yearly basis, new house prices went up 1 percent, after a 0.9 percent gain in the prior month.
2020-06-18
Canada New Housing Prices Unchanged in April
New housing prices in Canada were unchanged in April 2020, after rising 0.9 percent in the previous month and compared with market expectations of a 0.1 percent increase. Prices rose in 13 of the 27 census metropolitan areas, were flat in 11 and declined in 3. However, the number of new homes sold by the builders surveyed in April declined by almost two-thirds (64.1%), amid the coronavirus pandemic. The largest increases were in Guelph (+0.6%), Kitchener–Cambridge–Waterloo (+0.5%) and Ottawa (+0.4%). The growth of new house prices in Canada's historically expensive housing markets, Vancouver and Toronto, remained unchanged. Meanwhile, prices declined the most in Edmonton (-0.3%), Calgary and Regina (both down 0.2%), with the decreases primarily attributable to weak market conditions. On a yearly basis, new house prices went up 0.9 percent, the same pace as in the prior month.
2020-05-21
Canada New Housing Prices Rise 0.3% in March
New housing prices in Canada went up 0.3% month-over-month in Marcho of 2020, after a 0.4 percent increase in February. Prices rose in 13 of the 27 census metropolitan areas. Builders in Ottawa (+1.2%), Montréal (+0.7%) and Guelph (+0.7%) reported the largest gains, citing favourable market conditions and higher construction costs. The biggest declines were seen in Oshawa (-0.6%) and Regina (-0.3%). COVID-19 had no known impact on new house prices in March, as the outbreak was declared a pandemic on March 11th and builders across the country were still operating normally and all of their home sales centers were open during the reference period (February 16 to March 15). In the short term, we expect little or no change in new house prices, especially for the markets where the demand was already high prior to COVID-19, Statistics Canada said.
2020-04-22

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.