A First Complete Look at Residential Property Prices

Release date: November 14, 2019
Infographic: A First Complete Look at Residential Property Prices
Description: A First Complete Look at Residential Property Prices

A First Complete Look at Residential Property Prices

The Residential Property Price Index (RPPI) measures changes over time in residential property prices. The RPPI offers for the first time a comprehensive price index for all components of the housing real estate market – new and resale – in addition to providing details for both houses and condominium apartments.

A complete look at the housing market
Building  and Construction Type Market Share 2016 to 2018
New condominium apartments 12.0%
Resale condominium apartments 17.6%
New houses 20.2%
Resale houses 50.2%
Price movements in Canada from January 2017 to September 2019
Building and Construction Type Price Movements
Residential Properties 9.2%
New construction (house and condo) 6.4%
Resale (house and condo) 10.5%
Condominium apartments (new and resale) 18.9%
Houses (new and resale) 5.8%
Price movement in residential property prices from January 2017 to September 2019
Geography Price Movement
Calgary -3.0%
Montréal 14.1%
Ottawa 18.4%
Toronto 9.8%
Vancouver 9.1%
Victoria 14.3%

Note: The national aggregate is composed of the 6 census metropolitan areas of Montréal, Ottawa, Toronto, Calgary, Vancouver and Victoria.

Source: Statistics Canada, Residential Property Price Index, Table 18-10-0169-01 Residential Property Price Index, quarterly.

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