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Indicator Digest

Housing Prices
Prices of homes are important to understanding how the housing sector is doing.

Main Indicator: New Housing Price Index m/m

Most Recent Release

March
11th, 2010
Actual Forecast Previous Revised Form
0.4% 0.5% 0.4% N/A

For January
Provided by: Statistics Canada
Official Release: HTML

From the Release: "The New Housing Price Index rose 0.4% in January, registering the same month-over-month growth rate for the third consecutive month. Year over year, the New Housing Price Index was up 0.1% in January, compared with a 0.9% decline in December 2009. This was the first year-over-year increase since December 2008, mostly as a result of price decreases in Western Canada that were less pronounced this January than in previous months."

Table of Past Data

6/107/108/129/1110/1311/1212/111/122/113/11
Actual-0.6%-0.1%-0.2%0.3%0.1%0.5%0.3%0.4%0.4%0.4%
Forecast-0.3%-0.4%0.0%-0.1%0.2%0.2%0.3%0.4%0.5%
Previous-0.5%-0.6%-0.1%-0.2%0.3%0.1%0.5%0.3%0.4%0.4%
Revised FromN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

Past Releases

February
11th, 2010
Actual Forecast Previous Revised Form
0.4% 0.4% 0.4% N/A

For December
Provided by: Statistics Canada
Official Release: HTML

From the Release: "The New Housing Price Index rose 0.4% in December, the same increase as reported in November. Year over year, the New Housing Price Index was down 0.9% in December, compared with the 1.4% decline registered in November. Western Canada remained the main contributor to the decrease in the total new housing price index."

January
12th, 2010
Actual Forecast Previous Revised Form
0.4% 0.3% 0.3% N/A

For November
Provided by: Statistics Canada
Official Release: HTML

From the Release: "The New Housing Price Index rose 0.4% in November following a 0.3% increase in October. The monthly index has been steadily increasing since July 2009."

December
11th, 2009
Actual Forecast Previous Revised Form
0.3% 0.5% N/A
November
12th, 2009
Actual Forecast Previous Revised Form
0.5% 0.2% 0.1% N/A
October
13th, 2009
Actual Forecast Previous Revised Form
0.1% 0.2% 0.3% N/A
For August
Provided by: Statistics Canada
Official Release: News Release
September
11th, 2009
Actual Forecast Previous Revised Form
0.3% -0.1% -0.2% N/A

For July
Provided by: Statistics Canada
Official Release: News Release

From the Release: "Contractors selling prices increased 0.3% in July following a 0.2% decline in June. This was the first increase at the Canada level since September 2008."

August
12th, 2009
Actual Forecast Previous Revised Form
-0.2% 0.0% -0.1% N/A

For June
Provided by: Statistics Canada
Official Release: News Release

Contractors selling prices decreased 0.2% in June compared with a 0.1% decline in May.

July
10th, 2009
Actual Forecast Previous Revised Form
-0.1% -0.4% -0.6% N/A

For May
Provided by: Statistics Canada
Official Release: News Release

HPI y/y: -3.1%, pr. -3.0% (Apr), -2.4% (Mar), -1.8% (Feb),
-0.8% (Jan), 0.4% (Dec), 0.7% (Nov), 1.5% (Oct), 2.1% (Sep),
2.3% (Aug), 2.7% (Jul), 3.5 (Jun), 4.1% (May), 5.2% (Apr)

June
10th, 2009
Actual Forecast Previous Revised Form
-0.6% -0.3% -0.5% N/A

For April
Provided by: Statistics Canada
Official Release: News Release

HPI y/y: -3.0%, pr. -2.4% (Mar), -1.8% (Feb), -0.8% (Jan),
0.4% (Dec), 0.7% (Nov), 1.5% (Oct), 2.1% (Sep), 2.3% (Aug),
2.7% (Jul), 3.5 (Jun), 4.1% (May), 5.2% (Apr), 6.1% (Mar)

From the Release: "Contractors selling prices decreased 0.6% in April, compared with a 0.5% decline in March. This resulted in a New Housing Price Index decreasing to 153.7 (1997=100). The New Housing Price Index has declined 3.2% since reaching a record high of 158.7 in September 2008.

Between March and April, prices declined the most in Vancouver (-1.2%) followed by Edmonton (-0.9%) and Calgary (-0.8%). In Vancouver, most builders are still reducing prices to encourage sales."