New home prices for Canada increased 0.1% for the second consecutive month in August of 2022. Prices were unchanged in most of the 27 census metropolitan areas (CMAs) surveyed; prices were up in 4 CMAs and down in 1. Activity in the new residential construction sector was ongoing in August despite the continued turbulence in this market. Higher construction costs, caused by earlier supply chain disruptions and rising labour costs, pushed prices of new homes up and left developers with less flexibility to adjust to the market conditions. The year-over-year growth continued to moderate in August, with new home prices rising 6.9%, the smallest increase since January 2021. Calgary (+14.9%) once again recorded the largest year-over-year increase in new home prices, followed by Winnipeg (+13.4%) and Kitchener–Cambridge–Waterloo (+11.9%). 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 October 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
0.10 0.10 3.10 -1.90 1981 - 2022 percent Monthly
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News Stream
Canada New Home Prices Edge Up 0.1% in August
New home prices for Canada increased 0.1% for the second consecutive month in August of 2022. Prices were unchanged in most of the 27 census metropolitan areas (CMAs) surveyed; prices were up in 4 CMAs and down in 1. Activity in the new residential construction sector was ongoing in August despite the continued turbulence in this market. Higher construction costs, caused by earlier supply chain disruptions and rising labour costs, pushed prices of new homes up and left developers with less flexibility to adjust to the market conditions. The year-over-year growth continued to moderate in August, with new home prices rising 6.9%, the smallest increase since January 2021. Calgary (+14.9%) once again recorded the largest year-over-year increase in new home prices, followed by Winnipeg (+13.4%) and Kitchener–Cambridge–Waterloo (+11.9%).
2022-09-22
Canada New Home Prices Rise Less than Expected
New home prices for Canada inched up by 0.2% from a month earlier in June of 2022, slowing from a 0.5% increase in the prior month and marginally below market forecasts of a 0.3% rise. Prices were up in 12 of the 27 census metropolitan areas surveyed, unchanged in 14, and lower in 1, as higher interest rates dampen demand in the housing market. The steepest rise was observed in Windsor (1.4%), amid a significantly tight supply of new homes and elevated construction costs; followed by the Charlottetown area (1.0%). Year-on-year, new home prices rose 7.9% in June, slowing from an 8.4% jump in May and marking the smallest increase since March 2021.
2022-07-21
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