economyMonthly
Is housing getting more affordable?
New housing prices fell 2.1% year-over-year.
-2.1%
NHPI year-over-year
Jan 2026
The New Housing Price Index (NHPI) tracks changes in the selling prices of new residential houses. It is one of several measures of housing affordability in Canada.
New Housing Price Index over time
The NHPI tracks contractor selling prices of new residential houses. After surging during the pandemic, prices have started declining as higher interest rates cool demand.
New Housing Price Index, annual average (2017=100)
Source: Statistics Canada, Table 18-10-0205-01