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May 01, 2020CANADA RESIDENTIAL PROPERTY PRICE INDEX, Q1 2020 Statistics Canada has released new data under its residential property price index series. This measures prices for new builds as well as resale of houses and condominium-apartment dwellings in 6 Census Metropolitan Areas across Canada: Montreal, Ottawa-Gatineau, Toronto, Calgary, Vancouver and Victoria.
Between Q4 2019 and Q1 2020, overall housing prices were up 2.2 per cent in the 6 CMAs. Price growth was faster for condos (+3.6 per cent) than for houses (+1.5 per cent).
Between Q1 2019 and Q1 2020, overall housing prices were up 4.4 per cent, with faster growth among condos (+7.0 per cent) than among houses (+3.2 per cent).
Residential property prices are growing faster in Ottawa-Gatineau, Toronto and Montreal. There was faster growth in condos (especially new builds) in Ottawa-Gatineau and Toronto. Residential property prices declined in Calgary. Vancouver property prices are up both in the last quarter and in the last year. Victoria property prices were little changed in the last quarter, but up over the last year.
Source: Statistics Canada. Table 18-10-0169-01 Residential property price index, quarterly
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