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
Index base value of 100 = June 2005
Map of...
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.
Post Category: Monthly Reports
February 20, 2024
Teranet-National Bank House Price Index continues to decline in January

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.3% from December to January, the fourth consecutive monthly decrease. However, this decline was due to contractions in only two of the eleven cities included in the index: Vancouver (-2.0%) and Toronto (-0.3%). […]

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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
February 20, 2024
Teranet-National Bank House Price Index – Canada: Prices are still declining, but for how long?

The Teranet-National Bank Composite Index continued its correction for a fourth consecutive month in January, with prices down 0.3% on a seasonally adjusted basis compared with December. It should be noted, however, that the drop in the composite index in January was due solely to lower prices in two major cities where affordability remains a major issue, namely Vancouver and Toronto. As a result, house prices across the country are now 3.7% below their April 2022 peak. However, renewed activity in the resale market raises the question of whether this weakness will persist. This rebound in transactions is taking place against a backdrop of strong demand due to exceptional demographic growth and the reduction in mortgage interest rates since October. Moreover, in a context where the lack of housing supply remains problematic, the end of Bank of Canada rate hikes and potential rate cuts have reduced uncertainty and offered a window of opportunity to some buyers. It remains to be seen whether this upturn will be long-lasting, given that we expect the labour market to experience further difficulties later this year.

February 2024

HPI Methodology
Introduction to Index
Introduction to Index
Public Solutions

Gain unparalleled insight into the dynamics of a highly varied Canadian housing market with the Teranet-National Bank House Price Index™ monthly public release.

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Assess and adjust your risk exposure by monitoring price changes and trends by neighbourhood or region with the Teranet-National Bank Sub-Indices

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