FX.co ★ New Home Prices in Canada Decline 0.2% in May

In May, new home prices in Canada experienced a 0.2% decrease compared to the previous month, aligning with market predictions. This decline in house prices, which dropped by 0.4%, was slightly counterbalanced by a modest 0.1% increase in land prices. On a regional level, Ontario and British Columbia recorded declines of 0.5% and 0.4% respectively, whereas Atlantic Canada and the Prairies showed price increases of 0.4% and 0.2%.