Canada New Housing Price Index m/m

Country:
Canada
CAD, Canadian dollar
Sector:
Housing
Medium 0.0% 0.0%
0.0%
Last release Importance Actual Forecast
Previous
0.1%
0.0%
Next release Actual Forecast
Previous
  • Overview
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  • History
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Canada New Housing Price Index (NHPI) m/m measures a change in selling prices of new houses in the reported month compared to the previous one. Detailed specifications pertaining to each house should remain the same between two consecutive periods (i.e. the calculation excludes housing units, the state of which has changed between two consecutive data series).

The index is calculated based on results of a monthly survey of construction companies. The survey coverage includes single homes and townhouses. The survey collects prices for the total house, as well as land and structure components. House prices include the provincial value added taxes on materials when applicable. However, the federal goods and services tax and the harmonized sales tax are excluded.

The readings are used in the calculation of some elements of the Consumer Price Index. The Canada's System of Macroeconomic Accounts uses the NHPI for deflating the value of the national housing stock.

The index is of particular interest to the real estate industry for comparison with the resale market. The presented information is strictly structured on the geographical bases (by 27 metropolitan areas, which present all provinces of Canada) and is sensitive to demand and supply changes. The index is considered to be a leading indicator of the resale housing market (apartments purchased for resale will be available in the secondary market at a higher price than offered by a constructor).

The index growth indicates an increase in the real estate market activity level. It may affect CAD quotes positively.

Last values:

actual data

forecast

The chart of the entire available history of the "Canada New Housing Price Index m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2024
0.0%
0.0%
0.0%
Aug 2024
0.0%
0.0%
0.2%
Jul 2024
0.2%
0.0%
-0.2%
Jun 2024
-0.2%
0.2%
0.2%
May 2024
0.2%
0.0%
0.2%
Apr 2024
0.2%
0.0%
0.0%
Mar 2024
0.0%
0.0%
0.1%
Feb 2024
0.1%
-0.1%
-0.1%
Jan 2024
-0.1%
-0.1%
0.0%
Dec 2023
0.0%
-0.1%
-0.2%
Nov 2023
-0.2%
-0.1%
0.0%
Oct 2023
0.0%
-0.1%
-0.2%
Sep 2023
-0.2%
0.0%
0.1%
Aug 2023
0.1%
0.0%
-0.1%
Jul 2023
-0.1%
0.1%
0.1%
Jun 2023
0.1%
0.0%
0.1%
May 2023
0.1%
0.0%
-0.1%
Apr 2023
-0.1%
-0.1%
0.0%
Mar 2023
0.0%
-0.2%
-0.2%
Feb 2023
-0.2%
-0.1%
-0.2%
Jan 2023
-0.2%
-0.1%
0.0%
Dec 2022
0.0%
-0.2%
-0.2%
Nov 2022
-0.2%
-0.2%
-0.2%
Oct 2022
-0.2%
0.0%
-0.1%
Sep 2022
-0.1%
0.1%
0.1%
Aug 2022
0.1%
0.2%
0.1%
Jul 2022
0.1%
0.4%
0.2%
Jun 2022
0.2%
0.4%
0.5%
May 2022
0.5%
0.8%
0.3%
Apr 2022
0.3%
1.2%
1.2%
Mar 2022
1.2%
0.7%
1.1%
Feb 2022
1.1%
0.3%
0.9%
Jan 2022
0.9%
0.5%
0.2%
Dec 2021
0.2%
1.2%
0.8%
Nov 2021
0.8%
1.4%
0.9%
Oct 2021
0.9%
0.6%
0.4%
Sep 2021
0.4%
0.5%
0.7%
Aug 2021
0.7%
0.2%
0.4%
Jul 2021
0.4%
1.2%
0.6%
Jun 2021
0.6%
1.8%
1.4%
May 2021
1.4%
1.7%
1.9%
Apr 2021
1.9%
1.4%
1.1%
Mar 2021
1.1%
1.8%
1.9%
Feb 2021
1.9%
0.5%
0.7%
Jan 2021
0.7%
0.5%
0.3%
Dec 2020
0.3%
0.7%
0.6%
Nov 2020
0.6%
1.1%
0.8%
Oct 2020
0.8%
1.0%
1.2%
Sep 2020
1.2%
0.3%
0.5%
Aug 2020
0.5%
0.1%
0.4%

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