Data · What if the trend continues?
New home prices in Canada: what if the recent trend continues?
New home prices in Canada has no clear direction in the latest official figures. Here is what it would mean in everyday money if that pace carried on — and if it slowed or stopped.
Home price
| Path | Today | In 1 year | In 3 years | In 5 years |
|---|---|---|---|---|
| Recent pace continues -2.16% a year | C$700,000 | C$684,880 | C$655,613 | C$627,596 |
| Pace halves -1.08% a year | C$700,000 | C$692,440 | C$677,564 | C$663,008 |
| Stops changing 0% a year | C$700,000 | C$700,000 | C$700,000 | C$700,000 |
At the recent pace, a home price of C$700,000 would be about C$627,596 in 5 years (−C$72,404).
How this is calculated
- Price and pay figures are 12-month changes. Each path applies one yearly rate to your amount: the average of the last 12 months, half of it, or no change. Unemployment paths move the rate by the change over the last year, half of it, or not at all.
- This is arithmetic, not a forecast. Official figures rarely move in a straight line, and your own costs depend on what you buy and where you live.