Author: Carli

When seasonal effects are removed, the Composite price index edged up in September, recovering some of the ground lost in previous months. While this applies in particular to Toronto, it is not the case for Vancouver and Calgary, where the seasonally adjusted indices extended a string of declines (left chart). This downtrend in home prices […]

OPINION: The published Composite index rose in August for a fifth month in a row, but these rises only reflect usual seasonal patterns over this time of the year. Indeed, after seasonal adjustment, the Composite index was actually flat in August after drops in June and July. So, at the national level, the national market is […]

OPINION: The Composite index rose in July for a fourth month in a row, but these rises were all below the historical average for these months. Indeed, after seasonal adjustment, the Composite index was flat in July after a drop in June. The same phenomenon applied to the Toronto index, where at the opposite of […]

OPINION: With June’s rise, the Composite Index just recovered the ground lost during H2 2017 (left chart). Does this mean that the Canadian home resale market is about to enter into a new frenzy? No. June’s rise in the index, impressive at first sight, was in fact weak for this time of the year. Indeed, […]

OPINION: May’s rise in the Teranet-National Bank HPI confirmed the stabilization of home prices that took place since the end of last year, following a correction in H2 2017 (top chart). It is true that this stabilization was accompanied by a shift of price momentum in favor of condos in Toronto and Vancouver. Given the […]