Author: Carli

Q2 2017: The least affordable market in 9 years The worsening of affordability in Q2 was the eighth in a row, the longest run in almost 3 decades. As a result, our national composite is the least affordable since 2008 (top chart). Canadian households have been able to fall back for some time on the […]

OPINION: The slowdown in Toronto home prices that is expected to result from the implementation of the Fair Housing Plan by the Ontario government has yet to be seen. But given the effect of the Plan on home sales and listings (middle chart),it should only be a matter of time. In the meantime, home prices […]

As part of the ongoing evolution of the Teranet-National Bank House Price Index, the Composite 6 index (C6) will no longer be available for public download. The Composite 11 index (C11), which contains the same markets from the C6, as well as the additional markets of Victoria, Edmonton, Winnipeg, Hamilton and Quebec City continues to […]

OPINION: The dichotomy of the Canadian residential market is more obvious than ever. The strength of the Canadian market is clearly driven by the Greater Toronto Area (GTA), Hamilton, Victoria (top chart) and seven other regions located in the Golden Horseshoe (region surrounding GTA) which are not incorporated in the Composite Index. All these regions […]

Montréal, June 13, 2017 – Teranet and National Bank are pleased to announce the expansion of the Teranet – National Bank House Price IndexTM (“HPI”) by fifteen additional census metropolitan areas (CMA’s) in British Columbia, Ontario, and Newfoundland and Labrador. The new CMA indices will provide greater and more granular insights into house price changes across Canada.

Canadian CPI inflation continues to surprise on the downside despite robust GDP growth, low unemployment, surging home prices, and a depreciating currency. What’s helping keep inflation down? Shelter costs! This heavyweight component of the CPI (27% of the index) is currently growing an anemic 2.2% annually compared to a more robust 2.7% for all other […]

OPINION: The strength of 12-month home price growth at the national level is mostly explained by three markets: Toronto, Hamilton and Victoria (top chart). That being said, if we consider markets not currently covered by the Teranet-National Bank home price index, outside Toronto and Hamilton we find many markets in Ontario with double-digit house price […]