Author: Carli

Based on home sales reported in land registries, resale prices rose at the fastest rate for a month of April since 2010. Moreover, if we consider the 11 metropolitan areas included in the Composite index and 14 other metropolitan areas for which a HPI is available, the index increased in 22 of these 25 regions, […]

At the national level, resale home prices were still gaining momentum in March. But this is based on home sales reported in land registries. Home sales reported by real estate boards are timelier, being recorded soon after the sale becomes unconditional. The most important real estate boards all mentioned a clear break of activity during […]

At the national level, resale home prices were gaining momentum in February. The 0.4% monthly gain in the Composite index was double the average of the previous ten years for a month of February. In particular, after 12 consecutive monthly declines, Vancouver HPI rose in each of the last five months, reflecting the fact that […]

Canada’s resale home prices continued to rise in January. The HPI of five of the six markets located in Central Canada or in the East (Montreal, Toronto, Hamilton, Ottawa-Gatineau and Halifax) performed well over the last year, the exception being Quebec City. At the opposite, the five righthand charts show negative (Vancouver, Calgary Edmonton) or […]

The last two monthly gains in the national HPI might seem moderate, but they are in fact larger than usual for this time of the year when resale activity is typically low. For instance, the 0.2% increase in December compares to an average of 0.1% for this month over the last 11 years. Indeed, after […]

The national HPI increase in November is atypical at this time of the year, as it dropped seven times in that month over the last ten years. Furthermore, the two index monthly drops among the 11 metropolitan areas comprised in the national HPI constitute the lowest diffusion of declines in November over the last decade. […]