Dataset quality · Statistics Canada — Open Government Portal

Canada's Housing Market

The New Housing Price Index (NHPI) measures the change in selling prices of new residential houses over time. Base 100 = December 2016 — a value of 150 means prices are 50% higher than in December 2016. It covers 27 census metropolitan areas (CMAs) and is published monthly by Statistics Canada. Combined with household income data, it tracks affordability trends across Canada's major cities over 15+ years.

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Temporal coverage — complete since 2007

The reference date column is fully populated and consistent across all CMAs. Monthly cadence has no gaps from January 2007 to present.

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Price index — reliable total, partial land split

The total NHPI and house component are near-complete. The land component has ~6% nulls in smaller CMAs where land transactions are too infrequent to report separately.

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Affordability — derived, annual cadence

Median income comes from the Census and Canadian Income Survey — annual, not monthly. Monthly affordability ratios are interpolated. Treat as indicative trend, not precise monthly measurement.

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