Definitions

New-housing price index

The New Housing Price Index is a monthly series that measures changes over time in the contractors' selling prices of new residential houses, where detailed specifications pertaining to each house remain the same between two consecutive periods. Learn more

Resale-housing prices: Royal LePage

The weighted average of Canadian house prices in dollars. (The average of detached bungalows and executive detached two storey houses.) Calculation by the Bank of Canada using the Royal LePage survey of Canadian house prices.

Vacancy rate

Vacant space divided by, apartment, office or industrial market inventory, where vacant space is the sum of available, apartment, office or industrial market space as of the publication date. Vacant space excludes retail and below grade space. Learn more