New home prices in Canada fell by 0.2% from the previous year in April of 2023, the first decline since November 2019, after a 0.2% rise in the prior month. Elevated borrowing costs since April 2022 continue contributing to decrease in new house prices. source: Statistics Canada

House Price Index YoY in Canada averaged 2.91 percent from 1982 until 2023, reaching an all time high of 16.50 percent in March of 1989 and a record low of -9.70 percent in February of 1991. This page includes a chart with historical data for Canada House Price Index YoY. Canada New Housing Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

House Price Index YoY in Canada is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada New Housing Price Index YoY is projected to trend around 2.00 percent in 2024, according to our econometric models.

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Canada New Housing Price Index YoY

Calendar GMT Actual Previous Consensus TEForecast
2023-04-24 12:30 PM Mar 0.2% 1.4% 0.7%
2023-05-18 12:30 PM Apr -0.2% 0.2% 0.0%
2023-06-21 12:30 PM May -0.2% -0.1%