Canada new home prices were unchanged in September of 2018 for a second consecutive month, and against market expectations of a 0.1 percent rise. Prices were reported declining or flat in 20 of the 27 census metropolitan areas, due to mortgage rate increases, along with tighter mortgage regulations. The largest price increases in September were in London (+0.5 percent), mainly due to higher construction cost; Vancouver (+0.4 percent), as builders returned to list prices after some discounting in previous months; and Sherbrooke (+0.4 percent), mostly on higher prices for new phases of development. On the other hand, new house prices declined the most in St. John's and Hamilton (both down 0.4 percent), and Halifax and Saskatoon (both down 0.3 percent), due to unfavourable market conditions. Year-over-year, new home prices edged up 0.2 percent, the smallest annual increase since January of 2010. Housing Index in Canada averaged 66.64 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 103.00 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 103.31 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 YoY
2019-01-10 01:30 PM New Housing Price Index MoM
2019-02-08 01:30 PM New Housing Price Index MoM

Canada Housing Last Previous Highest Lowest Unit
Building Permits 8058463.00 8055824.00 8572975.00 57056.00 CAD Thousand [+]
Housing Starts 215.94 206.75 291.60 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 December of 2018.

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 720.96 Oct/18
Australia -1.50 Sep/18
Brazil 128.90 Oct/18
Canada 103.30 Sep/18
China 8.60 Oct/18
Euro Area 111.58 Jun/18
France 106.31 Jun/18
Germany 152.86 Oct/18
India 148.00 Mar/18
Indonesia 207.69 Dec/18
Italy 99.40 Jun/18
Japan 111.89 Aug/18
Netherlands 125.70 Sep/18
Russia 1.00 Dec/17
Saudi Arabia 82.30 Sep/18
Singapore 149.70 Sep/18
South Korea 105.80 Nov/18
Spain 1589.50 Sep/18
Switzerland 168.38 Sep/18
Turkey 271.90 Sep/18
United Kingdom 726.90 Nov/18
United States 0.20 Sep/18