inflation
Canada New Housing Price Index
Latest
120.4index (Dec 2016=100)
Methodology
## What this measures
The price contractors charge for comparable new single-family houses, including land, across Canada.
## Why it matters
It is the only official, open, monthly house-price series for Canada; the main resale price indexes (CREA, Teranet) are licensed products.
## How to read it
Compare with a year earlier. New-home prices have been flat to falling since 2022 as higher rates cut demand, even with the housing shortage.
## What it does not say
It covers newly built homes from the same builders, not resale homes (which make up most sales) and not condominiums. It is not seasonally adjusted.
## Source
Statistics Canada, table 18-10-0205-01 (vector v111955442), "New housing price index, monthly; Canada; Total (house and land)". Palanor pulls it from Statistics Canada's Web Data Service every day and rewrites recent periods so revisions carry through.
Source: Statistics Canada. Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Statistics Canada Open Licence.
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