Carli – Page 2 – House Price Index

Post Category: News and Economic Reports

February 20, 2024

Teranet-National Bank House Price Index – Canada: Prices are still declining, but for how long?

The Teranet-National Bank Composite Index™ continued its correction for a fourth consecutive month in January, with prices down 0.3% on a seasonally adjusted basis compared with December. It should be noted, however, that the drop in the composite index in January was due solely to lower prices in two major cities where affordability remains a […]

February 20, 2024

Teranet-National Bank House Price Index continues to decline in January

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.3% from December to January, the fourth consecutive monthly decrease. However, this decline was due to contractions in only two of the eleven cities included in the index: Vancouver (-2.0%) and Toronto (-0.3%). […]

January 18, 2024

House prices end the year on a downward trend

The Teranet-National Bank Composite Index™ continued its correction for a third consecutive month in December, with prices down 0.5% compared to November in a context where the number of transactions on the resale market continues to be weak, despite a rebound during the month. Indeed, persistent affordability issues (despite the recent drop in fixed mortgage rates), […]

January 18, 2024

Teranet-National Bank House Price Index ends the year down

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.5% from November to December, the third consecutive monthly decrease. In December, four of the 11 CMAs included in the index experienced decreases: Victoria (-3.9%), Vancouver (-1.5%), Toronto (-0.8%) and Ottawa-Gatineau (-0.3%). Conversely, […]

December 19, 2023

Teranet-National Bank House Price Index continues its correction in November

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.5% from October to November, the second consecutive monthly decrease. In November, five of the 11 CMAs included in the index experienced decreases: Montreal (-2.2% after a 3.7% rise the previous month), Hamilton […]

December 19, 2023

No gift for homeowners, prices will continue to fall

The Teranet-National Bank Composite Index™ continued its correction for a second consecutive month in November, with prices down 0.5% compared to October in a context where the resale market continues to lose momentum. Indeed, persistent affordability issues (despite the recent drop in long-term fixed mortgage rates), combined with a less buoyant job market, have contributed to […]

December 13, 2023

Upcoming Teranet-National Bank HPI Composite 11 Methodological Changes

To provide a national index that is even more consistent with activity in Canada’s real estate market, we will be adjusting our calculation methodology. Currently, the National Composite index is calculated as a weighted average of price index levels of the eleven Census Metropolitan Area’s (“CMA”) comprising it. The weights are based on the aggregate […]

November 17, 2023

Canada: Home prices start to drop again in October

After rising for the past five months, the Teranet-National Bank Composite Index™ started to fall again in October, as property prices across the country declined by 0.4% over the month in a context where the resale market is losing momentum. Indeed, the rise in interest rates in recent months, which exacerbates affordability problems, combined with a […]

November 17, 2023

Teranet-National Bank House Price Index down in October

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.4% from September to October, the first decrease following five consecutive monthly increases. In October, four of the 11 CMAs included in the index experienced decreases: Toronto (-1.6%), Edmonton (-1.2%), Vancouver (-1.1%) and […]

October 20, 2023

Canada: Home price rises moderate in September

In September, the Teranet-National Bank Composite Index continues to grow, so that house prices are now just 1.6% off their April 2022 peak, a clear improvement on the record 8.6% decline we saw in April 2023. However, with real estate activity slowing, price growth moderated compared to the previous month for the third consecutive month, […]

Author: Carli