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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada New Housing Price Index fell to 0.1% in March 2013
Statistics CanadaMonthlyReleased March 2013
Canada New Housing Price Index fell to 0.1% in March 2013, down 0.1% from February's 0.2% reading. The reading missed the 0.3% consensus by 0.2%.
Latest Release
0.1
Actual
0.3
Consensus
0.2
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
New Housing Price Index (Canada) was reported at 0.1% in March 2013. This missed the market consensus of 0.3% by 0.2%. The reading fell from the previous value of 0.2%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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New Housing Price Index - CA
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About New Housing Price Index — Canada
DEFINITION
The New Housing Price Index is a key economic indicator that measures the change in the selling prices of new residential properties in a specific region over time. It provides valuable insights into the health and trends of the housing market, and is used by policymakers, investors, and industry professionals to make informed decisions. This index is based on a comprehensive survey of homebuilders and reflects the overall price movements of new homes, making it a reliable tool for tracking the performance of the housing sector.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 2.2 %. Prior reading (Mar 2013): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.