Real Residential Property Prices for Canada
QCAR628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.99
Year-over-Year Change
-23.08%
Date Range
1/1/1970 - 1/1/2025
Summary
The Real Residential Property Prices for Canada tracks changes in the inflation-adjusted value of residential real estate in Canada. This key economic indicator provides insights into the health of the Canadian housing market and consumer wealth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the inflation-adjusted price index for residential property transactions in Canada. It is a valuable metric for analyzing trends in housing affordability, construction activity, and consumer spending patterns.
Methodology
The data is collected and calculated by the Bank for International Settlements using a weighted-average approach.
Historical Context
Policymakers and analysts closely monitor this trend to gauge the state of the Canadian economy and inform decisions around monetary policy and financial stability.
Key Facts
- Canada's real residential property prices have risen by over 50% since 2010.
- Housing affordability is a major concern, with prices outpacing income growth.
- The real property price index is a leading indicator of consumer spending and broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the inflation-adjusted value of residential real estate transactions in Canada, providing insights into housing affordability and consumer wealth.
Q: Why is this trend relevant for users or analysts?
A: The real residential property price index is a key indicator of the health of the Canadian housing market and broader economic conditions, informing decisions by policymakers and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements using a weighted-average approach to residential property transactions in Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to gauge the state of the Canadian economy and inform decisions around monetary policy and financial stability.
Q: Are there update delays or limitations?
A: The real residential property price data is updated quarterly and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Real Residential Property Prices for Canada (QCAR628BIS), retrieved from FRED.