Post Category: News and Economic Reports
June 13, 2017
The Teranet-National Bank House Price Index™ announces new data enhancements and website

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.

Post Category: News and Economic Reports
May 23, 2017
Canada Watch

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 […]

Post Category: News and Economic Reports
May 12, 2017
Economic News- Canada: Ontario home prices still surging in April

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 […]

Post Category: Monthly Reports
May 12, 2017
Sharpest 12-Month Rises On Record For Toronto And Hamilton Home Prices

In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month. This gain is similar to that reported for April of last year and exceeds the average April gain of 0.9% over the 18 years of index history excluding 2009, when the economy was in recession. This monthly advance […]

Post Category: News and Economic Reports
April 12, 2017
NBFM Economic news – Canada: Home prices up 0.9% in March

OPINION: The strength of 12-month home price growth at the national level is mostly explained by four markets: Toronto, Hamilton, Victoria and Vancouver (top chart). Toronto has garnered media attention in light of the house price surge. While large price gains in that city were isolated earlier to single family homes, that’s not the case […]

Post Category: Monthly Reports
April 12, 2017
Home Prices Up 0.9% In March

In March, the Teranet–National Bank National Composite House Price Index™ was up 0.9% from the previous month, the largest March rise in 10 years. This increase is attributable to four of the 11 metropolitan markets surveyed: Hamilton (+2.1%), Toronto (+1.8%), Victoria (+1.0%) and Vancouver (+0.9%). The Toronto and Hamilton gains were records for March. Increases […]

Post Category: News and Economic Reports
March 14, 2017
NBFM Economic News – Canada: Home prices up 1.0% in February

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). The Toronto market is especially worrisome. In a city where apartments account for only 26% of home sales, affordability of other types of dwellings has become an acute problem (middle chart). […]

Post Category: Monthly Reports
March 14, 2017
Home Prices Up 1.0% In February

In February, the Teranet–National Bank National Composite House Price Index™ was up 1.0% from the previous month, the largest February increase in the 18-year history of the Index. This increase of unusual magnitude for the season is attributable to three of the 11 metropolitan markets surveyed: Toronto (+1.9%), Hamilton (+1.4%) and Vancouver (+1.4%). The Toronto […]

Post Category: Monthly Reports
February 14, 2017
Home Prices Up 0.5% In January

In January, the Teranet–National Bank National Composite House Price Index™ was up 0.5% from the previous month, matching the largest January increases in the 18-year history of the Index, in 2003 and 2010. Prices were up in seven of the 11 metropolitan markets surveyed. The increase exceeded the countrywide average in Hamilton (1.1%), Toronto (0.8%) […]

Post Category: News and Economic Reports
February 14, 2017
Economic News – Canada: House prices up 0.5% in January

OPINION: On a 12-month basis, national house prices were growing in January at their fastest post-recession pace (top chart). With prices in Vancouver having declined a cumulative 2.5% over the last four months, the strength at the national level really reflects Toronto, nearby Hamilton and Victoria (top chart). Incidentally, those are the three sole markets […]