Canada new home prices dropped 0.1% in May of 2019, following three consecutive months of no change and against market expectations of a 0.1 percent rise. The largest declines of new home prices were in Saskatoon (-0.5%) and Victoria (-0.4%), amid deteriorating market conditions. Additionally, new home prices were also down in Edmonton, Kelowna, Toronto and Vancouver (each down 0.3%). In contrast, Charlottetown (+1.0%) had the largest price increase, with the rise attributed to higher construction costs. Year-on-year, new home prices were flat in May, after a 0.1 percent gain in the previous month. Housing Index in Canada averaged 67.27 Index Points from 1981 until 2019, 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 103.20 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 104.30 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
2019-06-13 12:30 PM New Housing Price Index YoY Apr 0.1% 0.1% -0.1%
2019-06-13 12:30 PM New Housing Price Index MoM Apr 0% 0% 0% -0.1%
2019-07-11 12:30 PM New Housing Price Index MoM May -0.1% 0% 0.1% -0.1%
2019-07-11 12:30 PM New Housing Price Index YoY May 0% 0.1% 0%
2019-09-12 12:30 PM New Housing Price Index YoY Jul
2019-09-12 12:30 PM New Housing Price Index MoM Jul
2019-10-10 12:30 PM New Housing Price Index MoM Aug

Canada Housing Last Previous Highest Lowest Unit
Building Permits 8230992.00 9462457.00 9462457.00 57056.00 CAD Thousand [+]
Housing Starts 245.66 196.81 291.60 90.70 Thousand units [+]
Housing Index 103.10 103.20 103.30 37.70 Index Points [+]
Home Ownership Rate 66.40 66.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.10 103.20 103.30 37.70 1981 - 2019 Index Points Monthly
2016=100, NSA

Country Last Previous
Argentina 899.05 May/19
Australia -3.00 Mar/19
Brazil 129.50 Jun/19
Canada 103.10 May/19
China 10.30 Jun/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 160.02 May/19
India 105.00 Dec/18
Indonesia 209.46 Jun/19
Italy 97.80 Mar/19
Japan 115.47 Mar/19
Netherlands 130.40 May/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 150.50 Jun/19
South Korea 99.50 Jun/19
Spain 1636.30 Mar/19
Switzerland 167.20 Mar/19
Turkey 110.00 Apr/19
United Kingdom 767.40 Jun/19
United States 0.40 Apr/19