New Condominium Apartment Price Index, third quarter 2022

The New Condominium Apartment Price Index (NCAPI) is a quarterly series that measures changes over time in the developers' selling prices of units in newly built apartment-style condominiums, where detailed specifications pertaining to each unit remain comparable between two consecutive periods.

The NCAPI is computed using a unit-value approach, wherein the price of a unit is standardized by its square footage to give a price per square foot. Quality adjustments are made prior to calculating these unit prices in order to produce a constant-quality index.

The NCAPI is available for Halifax, Montréal, Québec, Ottawa, Toronto, Calgary, Edmonton, Vancouver and Victoria, as well as for the composite of these nine census metropolitan areas.

The NCAPI has a one quarter revision period and is not seasonally adjusted.

Products

The New condominium apartment price index data visualization tool is now available. It provides access to current and historical data from the NCAPI for the census metropolitan areas (CMA) of Halifax, Montréal, Québec, Ottawa, Toronto, Calgary, Edmonton, Vancouver and Victoria, as well as for a composite of these nine CMAs, in a dynamic and customizable format.

The Technical Guide for the New Condominium Apartment Price Index is available. This document provides details on the methodology used to calculate the NCAPI.

The video Producer Price Indexes is available on the Statistics Canada Training Institute webpage. It provides an introduction to Statistics Canada's Producer Price Indexes—what they are, how they are compiled, and what they are used for.

Statistics Canada launched the Producer Price Indexes Portal as part of a suite of portals for prices and price indexes. It provides users with a single point of access to a wide variety of statistics and measures related to producer prices.

Next release

The New Condominium Apartment Price Index for the third quarter will be released on February 6.