Insight
How to Read the New Housing Price Index
The new housing price index (NHPI) tracks contractors' selling prices for new homes whose specifications stay the same over time. It's an index, not a dollar price.
Updated 2026-11-12
New housing price index
120.2
−2.0% vs 12 months earlier
Sep 2026 · Statistics Canada
New homes only; not a resale price measure.
Reading the index
- The base is December 2016 = 100. A value of 120 means prices are 20% above December 2016 for comparable homes.
- Compare percentage changes between cities, not index levels: each city starts from 100.
- It covers new single-family homes (single-detached, semi-detached and townhomes) and excludes resale homes and condominium apartments.
Where prices are moving
| Metro | Value |
|---|---|
| Trois-Rivières Que. | +3.0% |
| Winnipeg Man. | +2.1% |
| Québec City Que. | +1.9% |
| Regina Sask. | +1.5% |
| Montréal Que. | +1.2% |
| Sherbrooke Que. | +1.2% |
| Saskatoon Sask. | +1.1% |
| Ottawa–Gatineau Ont. | +1.0% |
| Halifax N.S. | +0.6% |
| Calgary Alta. | 0.0% |
| Windsor Ont. | −0.5% |
| Edmonton Alta. | −0.8% |
National trend
| Metro | Value |
|---|---|
| Ottawa–Gatineau Ont. | 162.3 |
| Montréal Que. | 159.5 |
| Kitchener–Cambridge–Waterloo Ont. | 150.4 |
| Winnipeg Man. | 148.6 |
| Québec City Que. | 144.2 |
Sources
Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.