Canada new condo prices fall 0.6% in Q3 2026
New condominium prices fell -0.6% across Canada in the third quarter of 2026, with Victoria down 1.8% while Ottawa-Gatineau rose 1.6%, Statistics Canada reported.
The facts
- Statistics Canada's new condominium apartment price index fell -0.6% in the third quarter of 2026 to 120.8 on a 2017=100 base, in a release dated 3 November 2026.
- The index fell in five of the nine metropolitan areas measured, was unchanged in two and rose in two.
- Victoria fell the most at 1.8%, followed by Vancouver at 1.0%, Toronto at 0.8%, Edmonton at 0.7% and Calgary at 0.3%.
- Ottawa-Gatineau rose 1.6% and Montreal 0.7%, while Halifax and Quebec City were unchanged.
- Index levels run from 143.9 in Ottawa-Gatineau and 134.7 in Victoria down to 105.8 in Calgary and 107.3 in Quebec City.
- The index tracks developers' selling prices for newly built apartment-style condominiums, standardised by square footage and quality-adjusted, and is not seasonally adjusted.
What it means for your money
- New-build condo prices are 0.6% lower than in the second quarter. They fell in five of the nine cities measured.
- Glopra's data puts Canadian home prices 3.3% below a year earlier on the resale benchmark, so a new-build condominium is bought into a market that has been easing for a year, not a quarter.
- An owner selling a newly built condominium meets a different market in each city: against the same 2017 base the index stands at 143.9 in Ottawa-Gatineau and 105.8 in Calgary.
What to watch
- The index is not seasonally adjusted, so part of a quarterly move reflects the time of year, and Statistics Canada applies a one-quarter revision window.
- The data table Statistics Canada cites for this index, 18-10-0273-01, returned no data when this summary was written, so the figures here come from the release itself.
- The fourth-quarter index is due in early 2027.
Sources: Statistics Canada https://www150.statcan.gc.ca/daily-quotidien/261103/dq261103b-eng.htm