MoM Change in New House Price Index in Canada
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month New Housing Price Index measures the change in the price of new homes in Canada compared to the previous month. This data is released monthly by Statistics Canada and is important for assessing trends in the housing market.
When new housing prices increase month-over-month, it indicates that the housing market is active, with demand exceeding supply. Conversely, when prices decrease, it suggests that the housing market is sluggish, with supply exceeding demand. This data serves as a valuable reference for policymakers to understand housing market trends and to formulate appropriate policies.
For example, if new housing prices show high growth, the government and the central bank might consider measures to mitigate the risk of a housing bubble. On the other hand, if prices are declining, there may be a need to strengthen economic stimulus measures. For businesses and investors, trends in new housing prices are crucial as they provide insights into the outlook of the housing market.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
