FX.co ★ New Home Prices In Canada Fall 0.4%

In April, new home prices in Canada experienced a decline of 0.4% compared to the previous month, marking the lowest level since October 2024. This decrease followed a period of stability in March and fell short of market expectations, which had anticipated a growth of 0.1%. The drop was entirely due to a 0.5% reduction in house prices, while land prices remained steady. Regionally, notable decreases were observed in Calgary (-1.1%), Alberta (-0.9%), and Edmonton (-0.6%). In contrast, price increases occurred in St. John's, Sherbrooke, and Kelowna, each witnessing a rise of 0.6%.