The Housing Price Index is calculated on the basis of prices in primary and secondary housing markets. The price indices in primary and secondary housing markets are accounted due to registered prices in accordance with recently built apartments and with flats of privatized housing fund (they have some dilapidation degree in case when the apartments become the objects of market transactions).
The Index is considered to be a secondary indicator and doesn’t exert a significant influence on Canadian dollar. Though, with the help of this index the state of country’s inflationary press may be easily detected.
