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 […]

Post Category: Monthly Reports
January 12, 2017
Home Prices Up 0.3% In December

In December, the Teranet–National Bank National Composite House Price Index™ was up 0.3% from the previous month, slightly more than the average December rise of 0.1% since the Index series began in 1999. Prices rose in eight of the 11 metropolitan markets surveyed. The increase exceeded the countrywide average in Toronto (1.2%), Victoria (1.2%), Quebec […]

Post Category: News and Economic Reports
January 12, 2017
Economic News – Canada: House prices up 0.3% in December

OPINION: National house price inflation has shed some momentum in recent months as Vancouver continues to deflate. Canada’s priciest city experienced its third consecutive monthly decline, and more is in store. The price drop so far was mostly concentrated in dwellings other than condos. This is consistent with house sales decline (since their February peak) […]

Post Category: Monthly Reports
December 14, 2016
Home Prices Up 0.2% In November

In November, the Teranet–National Bank National Composite House Price Index™ was up 0.2% from the previous month, slightly more than the average November rise of 0.1% since the Index series began in 1999. Prices rose in seven of the 11 metropolitan markets surveyed, in all cases by more than the countrywide average: Hamilton (1.4%), Toronto […]

Post Category: News and Economic Reports
December 14, 2016
Economic News – Canada: House prices up 0.2% in November

OPINION: In Vancouver, prices declined in November for a second month in a row, for a cumulative drop of 1.9%, concentrated in dwellings other than condos. This is consistent with the fact that the decline in house sales since their peak last February started in detached dwellings, and is so far deeper in that category […]