New home prices in Canada increased by 0.1 percent month-over-month in January of 2017, the same as in the previous month and matching market expectations. Toronto was the top contributor to the national rise (0.2 percent), as higher land prices were somewhat offset by lower negotiated selling prices and bonus packages offered by builders to generate sales. In addition, prices recorded the biggest gain since June of 2012 in Kitchener-Cambridge-Waterloo region (1 percent), as builders in the region cited a shortage of developed land. Price increases were observed in St. Catharines-Niagara (0.9 percent) and London (0.9 percent), as builders reported higher constructions costs. Prices have risen at the national level for 22 straight months. Housing Index in Canada averaged 64.97 Index Points from 1981 until 2017, reaching an all time high of 100.10 Index Points in January of 2017 and a record low of 37.70 Index Points in May of 1983.
Please Paste this Code in your Website
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 March of 2017.