Post Category: Monthly Reports
April 12, 2019
The Composite Index down for a sixth month in a row in March

In March the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month.[1] Apart from the recession year 2009, it was the first March decline in the 20 years of index history. It was also the sixth consecutive monthly decline, for a cumulative drop of 1.7%. Indexes were down on the […]

Post Category: News and Economic Reports
April 12, 2019
The national HPI drops for a sixth month in a row

In March, the downward trend in home prices continued with the Composite Teranet-National Bank HPI slipping for a sixth month in a row, a first in six years. Moreover, in 20 years of history, this is the first time that the Composite HPI drops in a month of March outside a recession. A few months […]

Post Category: News and Economic Reports
March 13, 2019
Price weakness spreads to almost all regions

In February, the downward trend in home prices continued with the Composite Teranet-National Bank HPI slipping for a fifth month in a row (left chart). Moreover, the weakness extended to most regions. In the 11 metropolitan areas comprised in the Composite Index, only one (Montreal) experienced an increase of the index over the last six […]

Post Category: Monthly Reports
March 13, 2019
Largest retreat for a February outside of recession

In February the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] Except for the recession year of 2009, it was the largest February decline in 19 years of index history. Indexes lost ground in nine of the 11 metropolitan markets of the composite index: Victoria (−2.0%), Hamilton (−1.4%), Quebec […]

Post Category: News and Economic Reports
February 13, 2019
Weakness intensifies in Vancouver, Calgary and Edmonton

In January, the downward trend in home prices intensified in Western Canada’s three largest metropolitan areas. The indexes for Vancouver, Calgary and Edmonton extended what are now the longest runs of months without an increase among the 11 metropolitan areas covered by the national index. It was a seventh month without an increase in Calgary, […]

Post Category: Monthly Reports
February 13, 2019
Weakness concentrated in the West

In January the Teranet–National Bank National Composite House Price IndexTM was down 0.1% from the previous month.[1] It was the fifth consecutive month without a rise, the longest such run since March 2013, and was notable for marked retreats in the three largest markets of Western Canada: Edmonton (−0.8%), Calgary (−0.5%) and Vancouver (−0.3%). The […]

Post Category: News and Economic Reports
February 04, 2019
Interest rates raise the bar for home ownership in Q4 2018

In Q4, affordability worsened for a 14th consecutive quarter as measured by the urban composite index. All but two markets experienced a deterioration stemming from a 20- basis points increase for residential mortgage rates, hitting harder the priciest markets in the country (see table on page 12 for more details). Financing costs were up for […]

Post Category: News and Economic Reports
January 14, 2019
Widespread declines in home prices over Q4 2018

Home prices weakened in the second half of 2018 in most of the metropolitan areas constituents of the Teranet-National Bank Composite HPI. The Calgary index did not rise for a sixth month in a row in December. It was a fifth month in a row for Vancouver, and a fourth one for Edmonton. Weakness became […]

Post Category: Monthly Reports
January 14, 2019
Home prices trended down in the second half of 2018

The Teranet–National Bank National Composite House Price IndexTM for December was down 0.3% from the previous month.[1] It was the third consecutive monthly retreat. The component indexes were down for seven of the 11 metropolitan markets surveyed: Edmonton (−1.4%), Vancouver (−1.2%), Winnipeg (−0.9%), Calgary (−0.6%), Victoria (−0.4%), Hamilton (−0.4%) and Quebec City (−0.4%). Indexes were […]

Post Category: News and Economic Reports
January 09, 2019
Important Update: Removal of Composite 6 Index Data

The Composite 6, which was first launched in December 2008 was initially built to capture the aggregate performance of the Canadian housing market with the richest available data at that time. In 2011, we expanded the Composite 6 by five new cities and reviewed and refined the geographic territory of each city to better align […]