Price trends in key Canadian housing markets, third quarter 2020
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Released: 2020-10-29
The Residential Property Price Index (2017=100) is now available for the third quarter of 2020.
Note to readers
The Residential Property Price Index (RPPI) measures changes over time in the selling prices of residential properties. The RPPI provides a comprehensive portrait of the residential real estate market since it covers both the market for new houses and condominium apartments and the resale market in the census metropolitan areas (CMAs) of Montréal, Ottawa, Toronto, Calgary, Vancouver and Victoria, and for a composite of these six CMAs. The RPPI is a quarterly index, starting in the first quarter of 2017.
The RPPI is subject to a quarterly revision and is not seasonally adjusted.
Products
The article "The resilience and strength of the new housing market during the pandemic" examines the changes in new home prices in Canada for the 27 census metropolitan areas surveyed in the New Housing Price Index. It also compares city rankings based on prices six months after the start of the pandemic (August compared with February).
A study, titled Price trends and outlook in key Canadian housing markets, examines where the housing market was at the onset of the COVID-19 pandemic, sheds light on what has happened since then, and explores the challenges of the Canadian market going forward.
The infographic, The Impact of COVID-19 on Key Housing Markets, part of Statistics Canada – Infographics (11-627-M), is available. It provides a look at the housing market before, during and after COVID-19.
Statistics Canada has a Residential Property Price Index Data Visualization Tool. This interactive dashboard provides access to current and historical data for the RPPI and its sub-components (new and resale houses and condominium apartments) for the CMAs of Montréal, Ottawa, Toronto, Calgary, Vancouver and Victoria, and for a composite of these six CMAs, in a dynamic and customizable format.
The Residential Property Price Index (RPPI) Methodology is available. This document provides details on the methodology used to calculate the New Housing Price Index, the New Condominium Apartment Price Index and the Resale Residential Property Price Index. It also provides details on how these indices are compiled to form the RPPI.
Next RPPI release
The Residential Property Price Index for the fourth quarter of 2020 will be released on February 1, 2021.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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