katie – House Price Index

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 […]

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 […]

December 18, 2024

Home prices accelerate in November

The composite index rose by 0.6% in November, the fifth consecutive monthly increase and a larger rise than the previous month’s 0.4%. As a result, prices have grown by a cumulative 2.2% since the Bank of Canada’s first rate cut in June, but still remain 1.0% below their April 2022 peak. This acceleration in prices […]

December 18, 2024

Teranet-National Bank House Price Index Accelerates in November

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 0.6% from October to November, a larger increase than the 0.4% recorded the previous month, and the fifth consecutive monthly increase. As a result, prices have risen by 2.2% since the Bank of […]

November 19, 2024

House prices continue to rise as market gains momentum

The composite index rose by 0.3% in October, the fourth consecutive monthly increase, as the effects of the monetary easing cycle begin to be felt more strongly in the housing market. The number of transactions on the resale market surged in October, thanks in particular to a reduction in fixed mortgage interest rates since the […]

November 19, 2024

Teranet-National Bank House Price Index continues to rise in October

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 0.3% from September to October, the fourth consecutive monthly increase. In October, six of the 11 CMAs included in the index recorded growth: Quebec City (+2.0%), Hamilton (+1.3%), Ottawa-Gatineau (+0.8%), Montreal (+0.4%), Toronto […]

August 19, 2024

Prices remained relatively stable in July

After remaining stable in June, the lethargy continues for house prices in Canada’s major urban centers in July, with only marginal growth of 0.2% during the month. This relative stability comes as the resale market fell back slightly during the month after a brief rebound in activity in June, which followed the start of the […]

August 19, 2024

Teranet-National Bank House Price Index remained relatively stable again in July

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, remained relatively stable from June to July, with a marginal increase of 0.2%, following the stabilization also observed the previous month. In July, six of the 11 CMAs included in the index recorded growth: Hamilton […]

July 17, 2024

Teranet-National Bank House Price Index remained stable in June

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, remained stable from May to June, following a slight increase of 0.2% the previous month. In June, five of the 11 CMAs included in the index recorded increases: Winnipeg (+3.9%), Edmonton (+2.3%), Quebec City (+1.1%), […]

June 19, 2024

Teranet-National Bank House Price Index increased in May

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 0.5% from April to May, after remaining stable the previous month. In May, seven of the 11 CMAs included in the index recorded growth: Halifax (+1.5%), Hamilton (+1.1%), Calgary (+1.0%), Vancouver (+1.0%), Victoria […]

Author: katie