New home price index remains stable at the Canada level
The national index was unchanged month over month in August. Prices were unchanged in 13 of the 27 census metropolitan areas (CMAs) surveyed, while they increased in 8 and declined in the remaining 6 CMAs.
The largest month-over-month decrease in August was recorded in Calgary (-0.4%), followed by St. Catharines–Niagara (-0.3%). This marks the first monthly decline for Calgary since January 2024. According to the Calgary Real Estate Board, benchmark prices and sales of existing homes experienced a similar downward trend in Calgary in August compared to July.
In August, new home prices increased the most month over month in Regina (+0.3%) and Oshawa (+0.2%), with builders reporting improving market conditions as the reason for the increase.
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