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
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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 2011 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
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ytd
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Post Category: Monthly Reports
September 12, 2018
Weakness in Toronto and Vancouver after seasonal adjustment

In August the Teranet–National Bank National Composite House Price IndexTM was up 0.2% from the previous month.[1] Removing normal seasonal patterns (seasonal adjustment), the index would have been virtually flat, following retreats in June and July. In other words, after seasonal adjustment, the downtrend of June and July did not turn around in August. Individual […]

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Post Category: Research
September 12, 2018
Affordability erodes again in Q2

Mortgage interest rates were on the rise for a fourth consecutive quarter in Q2. As a
result, affordability worsened in no less than 7 out of ten urban markets which explains
the 12th consecutive deterioration of our urban composite index. Unsurprisingly, the rise
in interest rates hit harder for the priciest markets in the country (left chart). Thankfully,
income gains in British Columbia mitigated the impact on affordability for its two major
cities. Nevertheless, Victoria experienced a sharp deterioration in both condo and noncondo
segments as prices continue to swell despite more restrictive lending standards
imposed by OSFI since January. The slowdown in the resale market has begun to
impact prices in Vancouver and Toronto during the quarter. Indeed, home prices
experienced their weakest gain in almost four years in Vancouver while Toronto posted
a decline. That being said, both cities remain a painful environment for new homebuyers
(right chart) and this is unlikely to change in the short term as central banks remain in a
tightening mode.

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Post Category: News and Press Releases
September 12, 2018
Weakness in Toronto and Vancouver

OPINION: The published Composite index rose in August for a fifth month in a row, but these rises
only reflect usual seasonal patterns over this time of the year. Indeed, after seasonal
adjustment, the Composite index was actually flat in August after drops in June and July.
So, at the national level, the national market is certainly not displaying underlying
strength. This is mostly a reflection of Toronto and Vancouver, the two most important
real estate markets in Canada. The published index for Toronto showed a fifth monthly
increase in a row, but its seasonally adjusted counterpart displayed the opposite with
five consecutive declines. In Vancouver, the seasonally adjusted index was down for a
third month in a row (left chart). In August, seasonally adjusted indices declined or were
flat in six of the nine other metropolitan regions covered. That being said, there are
areas displaying underlying strength, such as Montreal and Ottawa-Gatineau, whose
indices recorded a string of unusually large increases over the past few months

To read the full report, please click on the link below:

September 2018

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