New home prices in Canada fell 0.2% in May from the previous month, matching market expectations, as house prices dropped 0.4%. In contrast, land prices edged up an estimated 0.1%, partially offsetting the overall decrease. Regionally, declines were led by Ontario (-0.5%) and British Columbia (-0.4%), while gains were seen in Atlantic Canada (+0.4%) and the Prairies (+0.2%).
