Post Category: News and Press Releases
January 20, 2021
Home prices continued to rise in December

The Teranet-National Bank HPI rose 0.6% to a new high in December. This record coincides with a historically high volume of home sales in most regions of Canada coupled with limited supply. The seasonally adjust unsmoothed Composite HPI has surged 6.8% since July. However, December was the second consecutive month in which index growth was […]

Post Category: Monthly Reports
January 20, 2021
Index growth slowed in December

In December the Teranet–National Bank National Composite House Price IndexTM was up 0.6% from the previous month, the strongest gain for a month of December since 2009. However, it was a second consecutive month in which the index rose less than the month before. The rise was led by six of the 11 constituent markets: […]

Post Category: Research
December 22, 2020
Home affordability improved significantly in the third quarter of 2020

Housing affordability in Canada`s large urban centers improved in the third quarter of 2020, a second improvement in a row. Higher incomes helped in Q3, but the largest portion of the improvement came in the form of lower interest rates. Indeed, our 5-year mortgage benchmark rate declined 43 basis points in the quarter, driven by […]

Post Category: News and Press Releases
December 18, 2020
House prices remain resilient in November

Teranet-National Bank Composite HPI registered a record monthly gain for the month of November, as it did in October. This performance coincides with the persistence of historically high home sales in many regions in Canada in conjunction with a low supply. Since July, the seasonally adjusted unsmoothed Composite HPI surged 6.3%. That being said, the […]

Post Category: Monthly Reports
December 18, 2020
The strongest index rise for a month of November

In November the Teranet–National Bank National Composite House Price IndexTM was up 0.9% from the previous month, the strongest gain for a month of November in the 22 years of the index. It was the second consecutive month to show the biggest rise in index history for the month in question. The rise was led […]

Post Category: News and Press Releases
November 18, 2020
The largest rise ever of the Composite HPI for a month of October

The strong performance of the Teranet-National Bank Composite HPI over the last three months coincides with very strong levels of home sales nationwide. In October, it became clear that the recent trend in sales more than made up for the spring lethargy caused by Covid-19. Furthermore, sales were at historically high levels lately in most […]

Post Category: Monthly Reports
November 18, 2020
The strongest index rise for a month of October

In October the Teranet–National Bank National Composite House Price IndexTM was up 1.3% from the previous month, the strongest gain for a month of October in the 22 years of the composite index. The rise was led by Ottawa-Gatineau (2.7%), Hamilton (2.1%), Montreal (1.8%), Victoria (1.7%), Vancouver (1.5%), and Halifax (1.5%). There were highly respectable […]

Post Category: Monthly Reports
October 20, 2020
One of the strongest index rises for a month of September

In September the Teranet–National Bank National Composite House Price IndexTM was up 1.1% from the previous month, the second-biggest gain for a month of September in the 22 years of the composite index. The rise was led by Ottawa-Gatineau (2.3%), Quebec City (2.2%), Montreal (1.9%), Hamilton (1.9%), Edmonton (1.6%), Toronto (1.0%), Halifax (1.0%) and Vancouver […]

Post Category: News and Press Releases
October 20, 2020
Yet another record high for home prices

The strong performance of the Teranet-National Bank HPI reflects two factors: the intense activity on the home resale market due to the catch-up of sales that would have taken place last spring were it not for Covid-19 and tight market conditions in Quebec, Ontario and the Maritimes Provinces (See our Housing Market Monitor). That being […]

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 […]