What is happening to the prices of new houses in Canada?

Release date: September 12, 2019

Infographic: What is happening to the prices of new houses in Canada?
Description: What is happening to the prices of new houses in Canada?

What is happening to the prices of new houses in Canada?

The New Housing Price Index (NHPI) measures changes over time of the selling price of new houses, which include single dwellings, semi-detached houses and townhouses or row houses.

New house prices increased the most in Toronto, Vancouver and London over the last five years

Average prices of new houses from the NHPI
Census metropolitan area Average price (2013) Average price (2018)
Calgary $499,441 $604,256
Edmonton $476,261 $458,320
Halifax $448,495 $429,385
London $299,514 $522,523
Montréal $305,407 $358,146
Ottawa $346,519 $426,818
Québec city $258,676 $242,918
Regina $420,802 $383,764
Saskatoon $383,393 $407,192
St. John's $325,656 $366,758
Toronto $589,646 $ 1,143,067
Vancouver $514,411 $ 1,028,324
Victoria $462,812 $740,159
Winnipeg $365,548 $413,511

Ranking of Census Metropolitan Areas (CMA) based on the annual growth of new house prices

  • Ottawa experienced the largest annual price increase over the last year, making its way up to the top of the ranking.
  • Montréal also experienced important annual growth of new house prices, moving six spots to 4th place.
  • Although Toronto registered the largest annual price increase in 2017, its ranking dropped to 12th place in just one year.
  • Vancouver moved from 2nd to 3rd place in the ranking.
  • Kitchener-Cambridge-Waterloo fell 5 spots to the 9th place, the second largest drop in 2018.

Source: Statistics Canada, New Housing Price Index Report, Table 18-10-0205-01 New housing price index, monthly

Report a problem on this page

Is something not working? Is there information outdated? Can't find what you're looking for?

Please contact us and let us know how we can help you.

Privacy notice

Date modified: