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
y/y
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
January 21, 2025
Teranet-National Bank House Price Index Accelerates in December

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, rose by 0.8% from November to December, a larger increase than the 0.7% recorded the previous month and the sixth consecutive monthly increase. As a result, prices have risen by 2.9% since the Bank of […]

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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
January 21, 2025
House prices end the year on a strong note

The composite index rose by 0.8% in December, the sixth consecutive monthly increase and a larger rise than the 0.7% recorded the previous month. As a result, prices have grown by a cumulative 2.9% since the Bank of Canada’s first rate cut in June and are now just 0.3% below the record level reached in April 2022. This acceleration in prices comes as the effects of the monetary easing cycle continue to be felt in the housing market. The number of sales on the residential market has picked up and market conditions are still favourable to sellers, encouraging price rises. With the central bank expected to continue its monetary easing in the months ahead, and with the extension of the 30-year amortization period for insured mortgages in December, the housing market could remain buoyant in the months ahead, provided the deterioration in the labour market remains limited. However, given affordability challenges and much slower population growth, the pace of house price appreciation should be moderate.

January 2025

Methodology
HPI Methodology
 
Introduction to Index
Introduction to Index
 
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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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