Canada new home prices were unchanged in November of 2018 for a fourth consecutive month, matching market expectations. Prices were reported flat or decreasing in 18 of the 27 census metropolitan areas, with the largest declines being registered in Regina (-0.6%) and St. John's (-0.4%), linked to unfavourable market conditions. New home prices were down in the three CMAs surveyed in British Columbia. Lower selling prices were the primary reason for the 0.3% decrease in Vancouver, while builders in Victoria and Kelowna (both down 0.1%) tied the dip in prices to promotional offers to stimulate sales. In contrast, the largest price increases were in Ottawa (+0.6%) and Montréal (+0.4%), owing to construction costs. Year-on-year, home prices were flat, after increasing 0.1 percent in the previous month. Housing Index in Canada averaged 66.80 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
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-13 01:30 PM New Housing Price Index YoY 0.1% 0.2%
2018-12-13 01:30 PM New Housing Price Index MoM 0% 0% 0%
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 MoM 0% 103%
2019-02-14 01:30 PM New Housing Price Index YoY 0% 103%
2019-03-14 01:30 PM New Housing Price Index YoY


Canada Housing Last Previous Highest Lowest Unit
Building Permits 8293949.00 8085260.00 8572975.00 57056.00 CAD Thousand [+]
Housing Starts 213.42 224.35 291.60 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 January 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 635.91 Nov/18
Australia -1.50 Sep/18
Brazil 129.10 Dec/18
Canada 103.30 Nov/18
China 9.70 Dec/18
Euro Area 113.37 Sep/18
France 108.68 Sep/18
Germany 154.18 Dec/18
India 148.00 Mar/18
Indonesia 207.69 Dec/18
Italy 98.40 Sep/18
Japan 110.40 Sep/18
Netherlands 125.70 Sep/18
Russia 1.00 Dec/17
Saudi Arabia 82.30 Sep/18
Singapore 149.60 Dec/18
South Korea 105.90 Dec/18
Spain 1589.50 Sep/18
Switzerland 168.38 Sep/18
Turkey 275.50 Nov/18
United Kingdom 743.50 Dec/18
United States 0.40 Nov/18


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