CA NHPI m/m

The national index declined on a month-over-month basis in June (-0.2%), down for the third consecutive month. Prices were down in 12 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 10 CMAs and up in the remaining 5. The largest month-over-month decrease in June was recorded in Greater Sudbury (-0.9%), followed by Calgary (-0.8%). Builders reported market slowdowns where buyers were able to negotiate lower prices. The largest monthly increase in June was recorded in Charlottetown (+1.4%), followed ...

The New Housing Price Index (December 2016=100) is now available for February.

The national index edged down 0.1% on a month-over-month basis in January, following the same decline in the previous month. Prices were unchanged in 15 out of the 27 surveyed census metropolitan areas (CMAs). Meanwhile, nine CMAs saw an increase, while three CMAs were down. Even though more CMAs recorded price increases in January, a decline was seen at the national level. This decrease was driven by Toronto (-0.4%), the largest new housing market in Canada, accounting for nearly one-quarter (23.6%) of the national weight. The ...

The national index declined 0.1% on a month-over-month basis in December. Prices were down in 7 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 13 CMAs and up in the remaining 7. The largest month-over-month decrease in December was recorded in Greater Sudbury (-0.7%), followed by Calgary (-0.4%) and Toronto (-0.4%). The price declines in these CMAs were linked to lower negotiated prices and more incentives offered by builders. The largest monthly increase in December was recorded in the combined ...

The national index edged up 0.1% on a month-over-month basis in November. Prices were up in 8 of the 27 census metropolitan areas (CMAs) surveyed, while prices were unchanged in 15 CMAs and declined in 4. The largest monthly new home price gains in November were recorded in Québec (+1.8%) and Ottawa (+0.4%). According to the Quebec Professional Association of Real Estate Brokers (QPAREB), the broader resale market in Québec showed more single-family home sales and fewer homes being listed on the market, thus putting upward pressure ...

On a monthly basis, the New Housing Price Index (NHPI) fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country, as prices were down in 9 out of 27 census metropolitan areas (CMAs) surveyed, but unchanged in 11 CMAs and up in the remaining 7. In October, the largest monthly declines were observed in Canada's largest markets of Toronto (-1.2%) and Vancouver (-0.6%). Windsor also reported a decline of 0.6% in the month. Builders attributed the price declines in these markets ...

The national index remained unchanged for the second consecutive month in September. Prices were unchanged in 12 of the 27 census metropolitan areas (CMAs) surveyed, up in 8 CMAs, and down in the remaining 7. New home buyers saw month-over-month price declines of 0.5% in Guelph and 0.3% in St. Catharines–Niagara in September. Monthly price movements in both CMAs have been flat or decreasing each month in 2024 due to overall weak market conditions cited by builders surveyed. The resale market also experienced weak market conditions in ...

The national index was unchanged month over month in August. Prices were unchanged in 13 of the 27 census metropolitan areas (CMAs) surveyed, while they increased in 8 and declined in the remaining 6 CMAs. The largest month-over-month decrease in August was recorded in Calgary (-0.4%), followed by St. Catharines–Niagara (-0.3%). This marks the first monthly decline for Calgary since January 2024. According to the Calgary Real Estate Board, benchmark prices and sales of existing homes experienced a similar downward trend in Calgary in ...