Map of Canada
composite 11 weightings donut chart Select Ottawa Select Montreal Select Quebec City Select Halifax Select Victoria Select Vancouver Select Calgary Select Edmonton Select Winnipeg Select Hamilton Select Toronto
m/m
ytd
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Index base value of 100 = June 2005
Map of...
Population  
Land in square kilometers  
Population density (pop./km2)  
Number of occupied private dwellings  
Owned / Rented %  
One-family households  
Multi-family households  
Non-family households  
Average household income  
Aggregate value of dwellings  
CMA profile and table data are based on 2021 Census Data
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Teranet–National Bank House Price Index™

An independent representation of the rate of change of Canadian single-family home prices.
Index
m/m
ytd
y/y
Post Category: Monthly Reports
May 20, 2025
Teranet-National Bank House Price Index continues to decline in April

MONTH-OVER-MONTH The Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, fell 1.5% from March to April, marking the fourth consecutive monthly decline. In April, nine of the 11 CMAs included in the index experienced declines: Halifax (-4.9%), Hamilton (-3.9%), Toronto (-2.7%), Ottawa-Gatineau (-1.0%), Vancouver (-0.8%), Quebec City (-0.6%), Montreal (-0.4%), […]

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HPIs in Canada -
How methodologies
impact results
Download Whitepaper

This whitepaper offers an overview of:

  • How HPIs are widely used to estimate and monitor economic activity in the housing sector;
  • Insight into the variety of methods for calculating HPIs;
  • How HPIs play a significant role in policy development, market and financial regulation for public and private organizations around the globe.
Post Category: News and Economic Reports
May 20, 2025
Home price declines intensify in April

The Teranet-National Bank composite index fell 1.5% from March to April, marking the fourth consecutive monthly decline and a sharper contraction than in previous months. This comes at a time when the resale market continues to be particularly weak, due in large part to the uncertainty surrounding the trade war with the United States. As a result, prices have declined by 2.4% since December 2024, with a more pronounced decline for condominiums (-2.7%) and a slightly less pronounced decline for other types of housing (-2.1%). It should be noted that 68% of the markets monitored (21 out of 31) were down during the month, a higher number than the 61% observed in March, while the proportion of CMAs outside Ontario jumped in April (40% to 67%). Conversely, the number of markets in decline in Ontario was lower than in the previous month (81% to 69%) but remained high. It should be noted that the weakness in Ontario’s real estate market remains significant, with 75% of the markets covered experiencing a decline of 10% or more from their all-time highs, compared to only 27% elsewhere in the country. In addition, challenges are intensifying in the province’s three largest cities, all of which experienced monthly declines in April that were twice as large as those seen in March (Toronto: -1.3% to -2.7%, Hamilton: -0.8% to -3.9%, Ottawa-Gatineau: -0.5% to -1.0%). In the context of ongoing economic uncertainty, moderate population growth and the risk that long-term interest rates will remain higher for longer than expected, home prices are likely to remain under pressure in the coming months.

May 2025

 

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