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- Canadian new house price index flat in December
Canadian new house price index flat in December
In December, new house prices in Canada were unchanged for the first time since April 2015. Buyers in 15 of the 27 census metropolitan areas (CMAs) surveyed saw no price change. Increases in 8 surveyed CMAs across the country were offset by declines in the remaining 4.
In the Greater Golden Horseshoe, prices for new houses were unchanged in four of the six surveyed CMAs. Guelph posted the lone increase (+0.1%). Builders in Toronto, Canada's largest CMA, have not seen increases in prices in six of the previous seven months. In the neighbouring CMA of Hamilton prices fell 0.1% in December, following four months of no change.
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