Ekonomické zprávy
21.10.2021

Canada’s new housing prices rise 0.4 percent in September

Statistics Canada reported on Thursday the New Housing Price Index (NHPI) rose 0.4 percent m-o-m in September, following a 0.7 percent m-o-m advance in the previous month.

According to the report, new home prices increased in 13 out of the 27 census metropolitan areas (CMAs) surveyed in September, with Windsor (+1.9 percent m-o-m) recording the largest monthly gain in new home prices amid strong demand for new homes. New home prices also went up in Oshawa (+1.8 percent m-o-m), Victoria (+1.7 percent m-o-m) and Montréal (+1.7 percent m-o-m). At the same time, 5 CMAs posted declines in new home prices - the largest number of CMAs with a price decrease since March 2020, - led by Saskatoon (-0.9 percent m-o-m).

In y-o-y terms, NHPI surged 11.3 percent in September, following a 12.2 percent climb in the previous month. 

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