A First Complete Look at Residential Property Prices

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Release date: November 14, 2019
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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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Published by authority of the Minister responsible for Statistics Canada.

© Her Majesty the Queen in Right of Canada as represented by the Minister of Industry, 2019

Use of this publication is governed by the Statistics Canada Open Licence Agreement.

Catalogue no. 11-627-M

Frequency: Occasional

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