Technical Guide for the New Condominium Apartment Price Index (NCAPI)

This article presents the data sources and methodology for the New Condominium Apartment Price Index (NCAPI). The NCAPI is a quarterly series that measures the changes in the price of new condominium apartments in Canada represented by 9 census metropolitan areas (CMA). The NCAPI is used by economists, academics, and the general public to monitor trends in this important component of the construction sector.