Statistics Canada reported on Friday the New Housing Price Index (NHPI) went
up 0.9 percent m-o-m in January 2022, following a 0.2 percent m-o-m advance in
December 2021. This marked the steepest
monthly increase in three months.
According to the report, 15 out of the 27 census metropolitan areas
(CMAs) surveyed recorded monthly gains in new home prices last month, led
by Calgary (+2.1 percent m-o-m) amid low supply. At the same
time, the prices in the rest 12 CMAs were flat m-o-m.
In y-o-y terms, NHPI surged 11.8 percent in January, following an 11.6
percent climb in the previous month. This represented the highest annual
increase since August 2021 (+12.2 percent).