Canada new housing worth index for July -Zero.1% versus -Zero.2% final month

• Prior month -Zero.2%
• Canada new housing worth index -Zero.1% versus -Zero.2 final month

The information isn’t a market-moving occasion

The New Housing Value Index (NHPI) measures adjustments over time within the promoting costs of recent residential homes. The costs are these agreed upon between the contractor and the client on the time the contract is signed. The detailed specs for every new home stay the identical between two consecutive intervals.

The costs collected from builders and included within the index are market promoting costs much less value-added taxes, such because the federal items and providers tax and the provincial harmonized gross sales tax.

The survey covers the next dwelling sorts: new single properties, semi-detached properties and townhomes (row or backyard properties). The index is accessible on the nationwide and provincial ranges and for 27 census metropolitan areas (CMAs).

The index isn’t topic to revision and isn’t seasonally adjusted.

This text was written by Emma Wang at investinglive.com.