New housing prices in Canada fell 0.3% month-over-month in August 2025, following a 0.1% drop in the prior month, marking the fifth consecutive monthly decline, and missing market expectations of a flat reading. Meanwhile, the land price index fell by 0.8%, after a 0.2% decline in July. The house prices index excluding land declined by 0.3%, following a 0.1% decrease in the previous month.