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Canada CAD

Canada New Housing Price Index MoM

Info

History

Chart

Impact:

Medium

Source: Statistics Canada

Latest Release:

Date:

Actual:

Forecast: 0%

Previous/Revision:

-0.4%

Period: Nov

Next Release:

Date:

Period: Dec

What Does It Measure?

The Canada New Housing Price Index (NHPI) measures the changes in the selling prices of new residential properties in Canada. Its primary focus is on assessing price trends and shifts in the housing market, encompassing key areas such as construction costs, demand, and supply metrics, making it a vital indicator for understanding inflation pressures in the housing sector.

Frequency

The NHPI is released on a monthly basis, typically published in the first week of the following month and includes final figures based on comprehensive data collection methods.

Why Do Traders Care?

Traders pay close attention to the NHPI as it reflects the health of the housing market, which can influence consumer spending, economic growth, and inflation. Positive results may boost the Canadian dollar (CAD) and equities, as a robust housing market signals economic strength, while weaker results can have a bearish effect on both currencies and stocks.

What Is It Derived From?

The NHPI is calculated using data from a range of new residential buildings across Canada, sourced from various geographical regions and adjusted for factors such as construction materials and labor costs. It is derived from surveys of builders and information on sales prices to create a composite index, utilizing a weighted average of price changes.

Description

The NHPI serves as a crucial economic measure that indicates price trends in the housing market within Canada. Higher NHPI values suggest rising new housing prices, often indicative of increased demand and potential inflationary pressures, while lower values could signify a cooling market.

Additional Notes

As a leading economic indicator, the NHPI provides insights into future economic conditions, particularly in relation to consumer expenditure and regional housing markets. It is closely watched in comparison to other real estate metrics and can signal trends that affect broader economic assessments both regionally and globally.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CAD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 19, 2025	0%	0%	-0.4%
Nov 21, 2025	-0.4%	0%	-0.2%	-0.4%
Oct 24, 2025	-0.2%	0.2%	-0.3%	-0.4%
Sep 23, 2025	-0.3%	0%	-0.1%	-0.3%
Aug 20, 2025	-0.1%	0.1%	-0.2%	-0.2%
Jul 23, 2025	-0.2%	0%	-0.2%	-0.2%
Jun 20, 2025	-0.2%	-0.2%	-0.4%
May 21, 2025	-0.4%	0.1%	0%	-0.5%
Apr 23, 2025	0%	0%	0.1%
Mar 21, 2025	0.1%	0%	-0.1%	0.1%
Feb 20, 2025	-0.1%	0.1%	-0.1%	-0.2%
Jan 24, 2025	-0.1%	0.2%	0.1%	-0.3%
Dec 17, 2024	0.1%	0.1%	-0.4%
Nov 22, 2024	-0.4%	0.1%	0%	-0.5%
Oct 25, 2024	0%	0.2%	0%	-0.2%
Sep 23, 2024	0%	0.1%	0.2%	-0.1%
Aug 20, 2024	0.2%	0%	-0.2%	0.2%
Jul 24, 2024	-0.2%	0.1%	0.2%	-0.3%
Jun 20, 2024	0.2%	0.2%	0.2%
May 23, 2024	0.2%	0.1%	0%	0.1%
Apr 22, 2024	0%	0.1%	0.1%	-0.1%
Mar 21, 2024	0.1%	0%	-0.1%	0.1%
Feb 21, 2024	-0.1%	0.1%	0%	-0.2%
Jan 23, 2024	0%	0%	-0.2%
Dec 18, 2023	-0.2%	-0.1%	0%	-0.1%
Nov 21, 2023	0%	0%	-0.2%
Oct 24, 2023	-0.2%	0.1%	0.1%	-0.3%
Sep 21, 2023	0.1%	0%	-0.1%	0.1%
Aug 21, 2023	-0.1%	0.1%	0.1%	-0.2%
Jul 21, 2023	0.1%	0%	0.1%	0.1%
Jun 21, 2023	0.1%	0%	-0.1%	0.1%
May 18, 2023	-0.1%	-0.1%	0%
Apr 24, 2023	0%	-0.5%	-0.2%	0.5%
Mar 22, 2023	-0.2%	-0.3%	-0.2%	0.1%
Feb 22, 2023	-0.2%	0.1%	0%	-0.3%
Jan 23, 2023	0%	-0.2%	-0.2%	0.2%
Dec 16, 2022	-0.2%	-0.3%	-0.2%	0.1%
Nov 22, 2022	-0.2%	-0.3%	-0.1%	0.1%
Oct 21, 2022	-0.1%	0.2%	0.1%	-0.3%
Sep 22, 2022	0.1%	0%	0.1%	0.1%
Aug 22, 2022	0.1%	0.1%	0.2%
Jul 21, 2022	0.2%	0.3%	0.5%	-0.1%
Jun 21, 2022	0.5%	0.2%	0.3%	0.3%
May 19, 2022	0.3%	0.6%	1.2%	-0.3%
Apr 20, 2022	1.2%	1.3%	1.1%	-0.1%
Mar 18, 2022	1.1%	0.5%	0.9%	0.6%
Feb 18, 2022	0.9%	0.2%	0.2%	0.7%
Jan 21, 2022	0.2%	1%	0.8%	-0.8%
Jan 05, 2022	0.8%	1.4%	0.9%	-0.6%
Nov 19, 2021	0.9%	0.5%	0.4%	0.4%
Oct 21, 2021	0.4%	0.6%	0.7%	-0.2%
Sep 21, 2021	0.7%	0.3%	0.4%	0.4%
Aug 20, 2021	0.4%	0.4%	0.6%
Jul 21, 2021	0.6%		1.4%
Jun 18, 2021	1.4%	0.6%	1.9%	0.8%
May 20, 2021	1.9%	0.9%	1.1%	1%
Apr 22, 2021	1.1%	1.4%	1.9%	-0.3%
Mar 18, 2021	1.9%	0.3%	0.7%	1.6%
Feb 18, 2021	0.7%	0.5%	0.3%	0.2%
Jan 21, 2021	0.3%	0.3%	0.6%
Dec 21, 2020	0.6%	0.7%	0.8%	-0.1%
Nov 20, 2020	0.8%	1%	1.2%	-0.2%
Oct 21, 2020	1.2%	0.5%	0.5%	0.7%
Sep 21, 2020	0.5%	0.3%	0.4%	0.2%
Aug 21, 2020	0.4%	0.1%	0.1%	0.3%
Jul 21, 2020	0.1%	0.1%	0.1%
Jun 18, 2020	0.1%	0.2%	0%	-0.1%
May 21, 2020	0%	0.1%	0.3%	-0.1%
Apr 22, 2020	0.3%	0%	0.4%	0.3%
Mar 19, 2020	0.4%	0.1%	0%	0.3%
Feb 20, 2020	0%	0.2%	0.2%	-0.2%
Jan 22, 2020	0.2%	0%	-0.1%	0.2%
Dec 20, 2019	0.1%	0.1%	0.2%
Dec 20, 2019	-0.1%	0.2%	0.1%	-0.3%
Nov 14, 2019	0.2%	0.1%	0.1%	0.1%
Oct 10, 2019	0.1%	0%	-0.1%	0.1%
Sep 12, 2019	-0.1%	0%	-0.1%	-0.1%
Aug 08, 2019	-0.1%	0%	-0.1%	-0.1%
Jul 11, 2019	-0.1%	0.1%	0%	-0.2%
Jun 13, 2019	0%	0%	0%
May 09, 2019	0%	0%	0%
Apr 11, 2019	0%	0%	-0.1%
Mar 14, 2019	-0.1%	0%	0%	-0.1%
Feb 14, 2019	0%	0%	0%
Jan 10, 2019	0%	0%	0%
Dec 13, 2018	0%	0%	0%
Nov 08, 2018	0%	0.1%	0%	-0.1%
Oct 11, 2018	0%	0.1%	0.1%	-0.1%
Sep 13, 2018	0.1%	0.1%	0.1%
Aug 09, 2018	0.1%	0.1%	0%
Jul 12, 2018	0%	0.1%	0%	-0.1%
Jun 14, 2018	0%	0.2%	0%	-0.2%
May 10, 2018	0%	0%	-0.2%
Apr 12, 2018	-0.2%	0.1%	0%	-0.3%
Mar 08, 2018	0%	0.1%	0%	-0.1%
Feb 08, 2018	0%	0.1%	0.1%	-0.1%
Jan 11, 2018	0.1%	0.2%	0.1%	-0.1%
Dec 14, 2017	0.1%	0.2%	0.2%	-0.1%
Nov 09, 2017	0.2%	0.2%	0.1%
Oct 12, 2017	0.1%	0.3%	0.4%	-0.2%
Sep 14, 2017	0.4%	0.3%	0.2%	0.1%
Aug 10, 2017	0.2%	0.4%	0.7%	-0.2%
Jul 13, 2017	0.7%	0.3%	0.8%	0.4%
Jun 08, 2017	0.8%	0.3%	0.2%	0.5%
May 11, 2017	0.2%	0.2%	0.4%
Apr 13, 2017	0.4%	0.2%	0.1%	0.2%
Mar 09, 2017	0.1%	0.1%	0.1%
Feb 09, 2017	0.1%	0.2%	0.2%	-0.1%
Jan 12, 2017	0.2%	0.2%	0.4%
Dec 08, 2016	0.4%	0.2%	0.2%	0.2%
Nov 10, 2016	0.2%	0.2%	0.2%
Oct 13, 2016	0.2%	0.3%	0.4%	-0.1%
Sep 08, 2016	0.4%	0.2%	0.1%	0.2%
Aug 11, 2016	0.1%	0.3%	0.7%	-0.2%
Jul 14, 2016	0.7%	0.2%	0.3%	0.5%
Jun 09, 2016	0.3%	0.2%	0.2%	0.1%
May 12, 2016	0.2%	0.1%	0.2%	0.1%
Apr 14, 2016	0.2%	0.1%	0.1%	0.1%
Mar 10, 2016	0.1%	0.2%	0.1%	-0.1%
Feb 11, 2016	0.1%	0.2%	0.2%	-0.1%
Jan 14, 2016	0.2%	0.2%	0.3%
Dec 10, 2015	0.3%	0.1%	0.1%	0.2%
Nov 12, 2015	0.1%	0.2%	0.3%	-0.1%
Oct 08, 2015	0.3%	0.2%	0.1%	0.1%
Sep 10, 2015	0.1%	0.2%	0.3%	-0.1%
Aug 13, 2015	0.3%	0.1%	0.2%	0.2%
Jul 09, 2015	0.2%	0.1%	0.1%	0.1%
Jun 11, 2015	0.1%	0.1%	0%
May 14, 2015	0%	0.1%	0.2%	-0.1%