Canada new housing price index for August 0.7% versus 0.8% estimate

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Canada new house price index for August

• prior report +0.4%
  
• New housing price index rose by 0.7% versus 0.8% estimate
• home prices rose in 13 of the 27 census metropolitan areas
  
• new home prices rose 12.2% year over year
  
• London metropolitan area had the largest on the back of the lowest inventory since 2017. Prices increase by 3.9%. Ottawa prices rose 2.9%. The aggregate for St. John, Fredericton and Moncton come in at 1.7% 
  
• Edmonton saw a -0.5% decline while Saskatoon felt -0.1%
  
• year on year Ottawa leads the charge with a 27.5% gain followed by Kitchener-Cambridge-Waterloo at 26.9% and Windsor at 22.7%

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September 22, 2021 at 12:43AM
Greg Michalowski
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