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Price trends in key Canadian housing markets, first quarter 2020

Released: 2020-05-01

The Residential Property Price Index (2017=100) is now available for the first quarter.

  Note to readers

The Residential Property Price Index (RPPI) measures the change over time in the selling price of residential properties. The RPPI provides a comprehensive portrait of the residential real estate market as it covers both new and resale properties, and provides a look at both house and condominium apartment markets in the census metropolitan areas (CMAs) of Montréal, Ottawa, Toronto, Calgary, Vancouver and Victoria, and for a six-CMA composite. The RPPI is a quarterly index, starting in the first quarter of 2017.

The RPPI is subject to a one-quarter revision and is not seasonally adjusted.

Products

Statistics Canada has a new 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 six-CMA composite, in a dynamic and customizable format.

The Methodology of the Residential Property Price Index (RPPI) is now 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, and how these indexes are compiled to form the RPPI.

Next RPPI release

The Residential Property Price Index for the second quarter will be released on July 29.

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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