Author: Carli

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 […]

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 […]

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 […]

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 […]

Housing affordability in Canada’s large urban centres improved in the first quarter of 2020. Although mortgage interest rates remained essentially unchanged from Q4 to 2019, an increase in income was able to offset the rise of home prices for the urban composite. The latter registered a second consecutive 1.5% gain in prices in the quarter. […]

The streak of improvements in home affordability in major Canadian urban centers came to an end after three quarters with a slight deterioration in Q4 2019. While mortgage interest rates were essentially unchanged from Q3, income growth was unable to keep pace with the rise in home prices for the urban composite. The later registered […]