Canada’s New Housing Price Index fell further into negative territory at the start of 2026, with prices declining 0.4% month-on-month in January, according to data updated on 19 February 2026. This follows a 0.2% month-on-month decrease in December 2025, indicating a deepening downward trend in new home prices.
The data, measured on a month-over-month basis, shows that January’s figure reflects the change in prices compared with December 2025, while December’s reading captured the change versus November 2025. With the pace of decline doubling from -0.2% to -0.4%, the latest reading suggests mounting price pressure in Canada’s new housing market as 2026 begins.
