Post Category: News and Press Releases
September 18, 2020
Home prices rise as the housing market catches up to pent-up demand

The Composite index of resale home prices continued to rise in August. Indeed, 10 of the 11 markets were showing an increase in the month with the exception being a flat print in Calgary. The increases in August were consistent with conditions present in the home resale market. Looking at the active-listings-to-sales ratio as published […]

Post Category: Monthly Reports
September 18, 2020
Firming of the composite index in August

In August the Teranet–National Bank National Composite House Price IndexTM was up 0.6% from the previous month, a gain just short of the 22-year average of 0.7% for the month of August. If the typical seasonal variations are taken out (seasonal adjustment), the resulting index for August is by our estimate up 0.4%, following consecutive […]

Post Category: Research
September 14, 2020
Home affordability improved in Q2 2020

Housing affordability in Canada`s large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing […]

Post Category: News and Press Releases
August 20, 2020
New CMA data is now available!

As the Canadian real estate market continues to evolve and expand, we aim to provide you with data that gives you a better picture of the national market. In order to do so, we are pleased to announce as of this month’s release, we have expanded our data set for the 26 CMAs to now […]

Post Category: News and Press Releases
August 20, 2020
Mixed signals in the pandemic housing-market

The progression in the Composite index last month was the lowest for a month of July in 15 years. This marks a second month of signs that the economic lockdown had an impact on slowing activity in the housing market. It should be noted that the official Teranet-National Bank House Price Index is smoothed using […]

Post Category: Monthly Reports
August 20, 2020
Smallest July rise of the national composite index in 15 years

The July rise of the Teranet–National Bank National Composite House Price IndexTM confirms the slowing of the housing market in the wake of the pandemic. The 0.3% increase from June was the smallest July rise in 15 years. If typical seasonal variations are taken out (seasonal adjustment), the index would show two consecutive monthly declines, […]

Post Category: Monthly Reports
July 20, 2020
Confirmation of housing-market slowdown due to COVID-19

In June the Teranet–National Bank National Composite House Price IndexTM was up 0.7% from the month before, a rise half the average for June over the previous 10 years and the lowest June advance in 17 years. And if the index were corrected for seasonal pressures (seasonal adjustment), it would show a slight decline of […]

Post Category: News and Press Releases
July 20, 2020
Confirmation of housing-market slowdown due to COVID-19

Last month’s advance in the Composite index was the lowest for a month of June since 2004. This adds to other signs already witnessed in May of a slowing of activity on the housing market due to COVID-19. For instance, the number of sales pairs from which June indexes were derived was the lowest for […]

Post Category: Monthly Reports
June 17, 2020
First signs of housing-market slowdown

In May the Teranet–National Bank National Composite House Price IndexTM was up 1.1% from the previous month, a rise equal to the average for May over the last 10 years. Leading that countrywide average were the metropolitan markets of Ottawa-Gatineau (2.2%), Toronto (2.1%), Halifax (1.8%) and Hamilton (1.6%). Advances lagging the countrywide average were reported […]

Post Category: News and Press Releases
June 17, 2020
First signs of housing-market slowdown

There are two signs that data from land registries reflect the slowdown in home sales activity that started in the second half of March. The first is the 22% y/y decline in the number of sales pairs from which May indexes were derived. This was the largest y/y decline since April 2013 and a clear […]