Post Category: News and Economic Reports
November 17, 2023
Canada: Home prices start to drop again in October

After rising for the past five months, the Teranet-National Bank Composite Index™ started to fall again in October, as property prices across the country declined by 0.4% over the month in a context where the resale market is losing momentum. Indeed, the rise in interest rates in recent months, which exacerbates affordability problems, combined with a […]

Post Category: Monthly Reports
November 17, 2023
Teranet-National Bank House Price Index down 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, declined by 0.4% from September to October, the first decrease following five consecutive monthly increases. In October, four of the 11 CMAs included in the index experienced decreases: Toronto (-1.6%), Edmonton (-1.2%), Vancouver (-1.1%) and […]

Post Category: News and Economic Reports
October 20, 2023
Canada: Home price rises moderate in September

In September, the Teranet-National Bank Composite Index continues to grow, so that house prices are now just 1.6% off their April 2022 peak, a clear improvement on the record 8.6% decline we saw in April 2023. However, with real estate activity slowing, price growth moderated compared to the previous month for the third consecutive month, […]

Post Category: Monthly Reports
October 20, 2023
Teranet-National Bank House Price Index growth moderates in September

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price IndexTM, which covers the country’s eleven largest CMAs, grew by 0.7% from August to September, the fifth consecutive monthly increase, but at a much slower pace than the previous month. In September, all 11 CMAs included in the index recorded increases, with the […]

Post Category: Monthly Reports
August 18, 2023
Teranet-National Bank House Price Index rises sharply in July

MONTH-OVER-MONTH Before seasonal adjustments, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, rose by 1.8% from June to July, the fifth consecutive monthly increase. After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™ rose by 2.4% from June to July, the fourth consecutive monthly increase and […]

Post Category: News and Economic Reports
August 18, 2023
Canada: Spectacular jump in house prices in July

Following the recovery of the residential real estate market in recent months, the Teranet-National Bank composite index jumped by 2.4% from June to July, the fourth consecutive monthly increase, but also the second highest price increase ever recorded in a single month after the one observed in July 2006. After a cumulative decline of 8.6% […]

Post Category: News and Economic Reports
July 20, 2023
Canada: Spectacular jump in house prices in June

Following the recovery of the residential housing market in recent months, the Teranet-National Bank composite HPI jumped 2.2% from May to June, marking the third consecutive monthly increase, but also the largest price rise in a single month since November 2006. After a cumulative decline of 8.7% since peaking in April 2022, recent rises in […]

Post Category: Monthly Reports
July 20, 2023
Teranet-National Bank House Price Index continues to rise in June

MONTH-OVER-MONTH Before seasonal adjustments, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, rose by 2.6% from May to June, the fourth consecutive monthly increase. After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™ rose by 2.2% from May to June, the third consecutive monthly increase and […]

Post Category: Monthly Reports
June 19, 2023
Teranet-National Bank House Price Index increased in May

MONTH-OVER-MONTH Before seasonal adjustments, the Teranet-National Bank™ Composite House Price Index, which covers the country’s eleven largest CMAs, rose by 1.6% from April to May, the third consecutive monthly increase. After adjusting for seasonal effects, the Teranet-National Bank™ Composite House Price Index rose by 0.6% from April to May, the first monthly increase in eleven […]

Post Category: News and Economic Reports
June 19, 2023
Home prices rise for the first time in 11 months

After adjusting for seasonal effects, the Teranet-National Bank composite HPI resumed its upward trend (+0.6%) after ten consecutive monthly declines, which saw home prices correct by a total of 8.6%. This turnaround in property prices is due in particular to the rebound in the resale market over the past four months. This recovery is taking […]