Post Category: Monthly Reports
October 18, 2019
Underlying rise of the composite index confirmed in September

In September the Teranet–National Bank National Composite House Price IndexTM was up 0.1% from the month before. As in the three previous months, the gain was below the 21-year average for the month, which for September is 0.2%. However, as in August, the September index would have remained up slightly if corrected for seasonal pressure […]

Post Category: News and Economic Reports
September 25, 2019
Neighbourhood Spotlight: Downtown Toronto West

Every month we publish data around the activity of the national composite index, and some highlights from Canada’s major housing markets. Our data goes a level deeper, and can highlight the house price activity of neighbourhoods down to the postal code. The new monthly Neighbourhood Spotlight features will focus on this data and highlight Canadian […]

Post Category: Monthly Reports
September 19, 2019
The 12-month rise of the index accelerates for the first time in nine months

In August the Teranet–National Bank National Composite House Price IndexTM was up 0.4% from the month before. As in the three previous months, the gain was below the 21-year average for the month, 0.7% in the case of August. In contrast to May, June and July, however, the August index would have been up slightly […]

Post Category: News and Economic Reports
September 19, 2019
National house price index rises again in August

The national HPI has grown at a below-inflation rate of 0.6% over the last 12 months. However, the weakness is not regionally broad-based. The national HPI has been depressed by 12 consecutive months without a rise in Vancouver’s index, which dropped a cumulative 6.6%. Other Western metropolitan areas (Victoria, Calgary, Edmonton, and Winnipeg) also contributed […]

Post Category: News and Economic Reports
September 16, 2019
What is the difference between the HPI Composite 11 Index and the 25 Canadian CMAs?

Each month we share data on 11 indices that form the Composite 11 Index. The data from Victoria, Vancouver, Calgary, Edmonton, Winnipeg, Hamilton, Toronto, Ottawa-Gatineau, Montreal, Quebec and Halifax are all weighted to create this combined national index. The Composite 11 is updated on our website and shared with subscribers via newsletter at 8:30 a.m. […]

Post Category: Monthly Reports
August 20, 2019
Smallest 12-month rise in almost 10 years

In July the Teranet–National Bank National Composite House Price IndexTM was up 0.7% from the month before. As in the two previous months, the gain was not really a sign of countrywide market vigour, since the 21-year average for the month is 1.0%. As in May and June, it was only because of seasonal pressure […]

Post Category: News and Economic Reports
August 20, 2019
Home price deflation about to ebb in Western Canada?

The national HPI has grown at a below-inflation rate of 0.4% over the last 12 months, the smallest gain since November 2009. However, the weakness is not regionally broad-based. The national HPI has been depressed by Vancouver’s index loss of 6.2% during this period, corresponding to a 12-month string without a gain. Other Western metropolitan […]

Post Category: News and Economic Reports
August 12, 2019
Biggest improvement in a decade for housing affordability

Affordability improved in Q2 by the most since 2009 as measured by the urban composite index. All the observed markets registered an amelioration in the quarter (left chart). The most significant factor to this development was the decline in  mortgage rates. Indeed, the free-fall in financings costs was the most substantial since 2010Q3. This combined […]

Post Category: Monthly Reports
July 18, 2019
Without the seasonal boost, the composite home price index would have been down in June

In June the Teranet–National Bank National Composite House Price IndexTM was up 0.8% from the month before. The rise was on the small side for a month of June – the 21-year average for the month is 1.2%. As in May, it was only because of seasonal pressure that the index rose at all. If […]

Post Category: News and Economic Reports
July 18, 2019
Almost no annual growth for national HPI

The national HPI has grown at a below-inflation rate of 0.5% over the last 12 months, the smallest gain since November 2009. Moreover, the fact that monthly gains are reported for May and June does not mean that the market recently turned the corner. These two months typically register the strongest growth rates in a […]