Post Category: News and Economic Reports
May 17, 2023
Teranet-National Bank House Price Index: Housing prices stabilize in April

After seasonal adjustment, the Teranet-National Bank composite HPI remained essentially unchanged from March to April, recording a slight decline of 0.1% after a drop of 0.8% the previous month. This stabilization coincides with a resurgence of activity in the property resale market. A record cumulative drop of 8.7% from its spring 2022 peak was recorded […]

Post Category: Monthly Reports
May 17, 2023
Teranet-National Bank House Price Index stabilizes in April

MONTH-OVER-MONTH Before seasonal adjustments, the Teranet-National Bank™ Composite House Price Index, which covers eleven CMAs across the country, rose by 1.8% from March to April, a second consecutive monthly increase. However, after adjusting for seasonal effects, the Teranet-National Bank™ Composite House Price Index remained relatively stable with a slight decrease of 0.1% between March and […]

Post Category: Monthly Reports
April 20, 2023
Record Annual Decline in the Teranet-National Bank House Price Index in March

YEAR-OVER-YEAR The Teranet-National BankTM Composite Home Price Index, which covers eleven CMAs across the country, declined by 6.9% from March 2022 to March 2023, slightly worse than the previous record contraction recorded during the 2008-2009 financial crisis. Increases were still observed in 3 of the 11 cities that make up the composite index in March. […]

Post Category: News and Economic Reports
April 20, 2023
Record annual price decline in March

Even though the resale housing market is showing its first signs of stabilization and the non-seasonally adjusted Teranet-National Bank Index has seen its first monthly increase in ten months, it is still too early to say that the real estate market in Canada is on the rise. In fact, once adjusted for seasonal effects, the […]