The New Housing Price Index (NHPI) measures changes over time in the selling prices of new residential houses. It is a key indicator of the health of the housing market and reflects inflationary pressures within the construction sector. The year-over-year (YoY) figure compares the current month's prices to the same month in the previous year, providing a long-term view of housing cost trends.
The index is calculated based on a survey of residential builders in major metropolitan areas across Canada. It covers various types of new dwellings, including single-detached, semi-detached, and townhouses, excluding the cost of land in some components.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Apr 23, 2026 | -2.30 | — | — |
| Feb 20, 2026 | -2.30 | — | — |
| Jan 22, 2026 | -2.00 | -1.60 | -0.40 |
| Sep 23, 2025 | -1.40 | — | — |
| Aug 20, 2025 | -1.30 | — | — |
| Jul 24, 2025 | -1.00 | 0.50 | -1.50 |
| Jun 20, 2025 | -0.60 | — | — |
| May 23, 2025 | -0.30 | — | — |
| May 21, 2025 | -0.60 | 0.20 | -0.80 |
| Apr 23, 2025 | 0.10 | 0.30 | -0.20 |
| Mar 21, 2025 | 0.10 | 0.20 | -0.10 |
| Feb 20, 2025 | 0.10 | 0.20 | -0.10 |
| Jan 24, 2025 | 0.10 | 0.50 | -0.40 |
| Dec 17, 2024 | 0.20 | -0.30 | +0.50 |
| Nov 22, 2024 | -0.20 | 0.30 | -0.50 |
| Oct 25, 2024 | 0.20 | 0.10 | +0.10 |
| Sep 23, 2024 | 0.10 | 0.30 | -0.20 |
| Aug 20, 2024 | 0.10 | -0.10 | +0.20 |
| Jul 24, 2024 | -0.20 | 0.20 | -0.40 |
| Jun 20, 2024 | 0.10 | 0.10 | 0.00 |
| May 23, 2024 | -0.10 | -0.30 | +0.20 |
| Apr 22, 2024 | -0.40 | -0.20 | -0.20 |
| Mar 21, 2024 | -0.40 | -0.50 | +0.10 |
| Feb 21, 2024 | -0.70 | -0.70 | 0.00 |
| Jan 23, 2024 | -0.90 | -0.90 | 0.00 |
| Dec 18, 2023 | -0.90 | -0.70 | -0.20 |
| Nov 21, 2023 | -0.80 | -1.10 | +0.30 |
| Oct 24, 2023 | -1.00 | -1.10 | +0.10 |
| Sep 21, 2023 | -0.90 | -1.10 | +0.20 |
| Aug 21, 2023 | -0.90 | -0.80 | -0.10 |
| Jul 21, 2023 | -0.70 | -0.70 | 0.00 |
| Jun 21, 2023 | -0.60 | -0.50 | -0.10 |
| May 18, 2023 | -0.20 | — | — |
| Apr 24, 2023 | 0.20 | 0.70 | -0.50 |
| Mar 22, 2023 | 1.40 | 1.80 | -0.40 |
| Feb 22, 2023 | 2.70 | 2.90 | -0.20 |
| Jan 23, 2023 | 3.90 | 3.80 | +0.10 |
| Dec 16, 2022 | 4.10 | 4.00 | +0.10 |
| Nov 22, 2022 | 5.10 | 5.70 | -0.60 |
| Oct 21, 2022 | 6.30 | 6.30 | 0.00 |
| Sep 22, 2022 | 6.90 | 6.90 | 0.00 |
| Aug 22, 2022 | 7.50 | 7.70 | -0.20 |
| Jul 21, 2022 | 7.90 | 7.90 | 0.00 |
| Jun 21, 2022 | 8.40 | 8.70 | -0.30 |
| May 19, 2022 | 9.40 | 11.10 | -1.70 |
| Apr 20, 2022 | 11.00 | 11.20 | -0.20 |
| Mar 18, 2022 | 10.90 | 12.00 | -1.10 |
| Feb 18, 2022 | 11.80 | 11.50 | +0.30 |
| Jan 21, 2022 | 11.60 | 11.80 | -0.20 |
| Jan 5, 2022 | 11.70 | 12.30 | -0.60 |
