New home prices for Canada rose by 0.5% from a month earlier in May of 2022, following a 0.3% increase in the prior month. Prices were up in 14 of the 27 census metropolitan areas surveyed and unchanged in the other half, due to sustained increases in construction costs. However, the increasing mortgage rates seem to have had a larger impact on the resale market than on the new build market, reducing demand and prices of resale properties. Halifax led gains with a 2.4% increase, followed by St. Catharines–Niagara (+1.7%), Windsor (+1.7%) and Calgary (+1.4%). Year-on-year, new home prices advanced 8.4% in May, the smallest increase since March 2021. source: Statistics Canada

House Price Index MoM in Canada averaged 0.24 percent from 1981 until 2022, reaching an all time high of 3.10 percent in March of 1987 and a record low of -1.90 percent in February of 1991. This page includes a chart with historical data for Canada House Price Index MoM. Canada New Housing Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

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Canada New Housing Price Index MoM


Canada New Housing Price Index MoM
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 3.10 -1.90 1981 - 2022 percent Monthly
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News Stream
Canada New Home Prices Rise Faster in May
New home prices for Canada rose by 0.5% from a month earlier in May of 2022, following a 0.3% increase in the prior month. Prices were up in 14 of the 27 census metropolitan areas surveyed and unchanged in the other half, due to sustained increases in construction costs. However, the increasing mortgage rates seem to have had a larger impact on the resale market than on the new build market, reducing demand and prices of resale properties. Halifax led gains with a 2.4% increase, followed by St. Catharines–Niagara (+1.7%), Windsor (+1.7%) and Calgary (+1.4%). Year-on-year, new home prices advanced 8.4% in May, the smallest increase since March 2021.
2022-06-21
Canada New Home Prices Cool in April
New home prices for Canada went up by 0.3% from a month earlier in April of 2022, the least since December and down from a 1.2% increase in the prior month. Figures came below market forecasts of a 0.6% gain. Prices were up in 10 of the 27 census metropolitan areas surveyed, down in 1 and unchanged in the remainder. Regina led gains with a 1.7% increase, followed by Calgary (+1.6%). The sole decline this month occurred in Montréal (-0.4%). Year-on-year, new home prices advanced 16.4%, slowing from an 18.5% rise in March.
2022-05-19
Canada New Home Prices Rise Faster in March
New home prices for Canada rose 1.2 percent from a month earlier in March of 2022, the fastest advance since last May and following a 1.1 percent increase in the prior month. Prices were up in 18 of the 27 census metropolitan areas surveyed and unchanged in 9, with most home builders citing rising construction costs as the main inflationary factor. For the third month in a row, Calgary led gains with a 4.1 percent increase, as it recorded the highest amount of sales ever. Year-on-year, new home prices climbed 11.0 percent, quickening from a 10.9 percent rise in February.
2022-04-20