Carli – Page 23 – House Price Index

Post Category: News and Economic Reports

June 20, 2016

Home price gains cooling but still hit record

Canadian home prices rose to another record high in July but moderating gains provided more evidence that the real estate market is cooling, according to a national benchmark index.

June 14, 2016

Home Prices Up 1.8% In May

In May, the Teranet–National Bank National Composite House Price Index™ was up 1.8% from the previous month, the largest May increase since 2008. For the first time since June 2013, prices were up on the month in all of the 11 metropolitan markets surveyed. Gains exceeded that of the countrywide index in four of those […]

June 14, 2016

Economic News – Canada: House prices up 1.8% in May

OPINION: The dichotomy continues on the Canadian home resale market. Year-over-year price growth exceeds 10% in Vancouver, Victoria, Toronto and Hamilton, while deflation persists in the seven other regions covered (top chart). New trends are also emerging. First, Vancouver is in a league of its own with prices up more than 20% over the last […]

May 12, 2016

Home Prices Up 1.2% In April

In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month, the largest April increase since 2008. Though prices were up on the month in 10 of the 11 metropolitan markets surveyed, the gain of the composite index was due mostly to the three markets with the largest weights: […]

May 12, 2016

Economic News – Canada: House prices up 1.2% in April

OPINION: For those living in Vancouver, Victoria, Toronto and Hamilton, the housing boom continues. Quite a contrast with the seven other metropolitan areas covered by the Index, where prices have on average declined on a y/y basis over the last ten months (top chart). Within the group of four hot housing markets, Vancouver is in […]

April 15, 2016

Home Prices Up 0.8% In March

In March, the Teranet–National Bank National Composite House Price Index™ was up 0.8% from the previous month, the largest increase for a March since 2008. Though prices were up on the month in six of the 11 metropolitan markets surveyed, the gain of the composite index came mostly from a 2.8% jump in the Vancouver […]

March 21, 2016

NBFM Economic News – Canada: House prices up 0.8% in September

OPINION: In Vancouver, after seven large monthly house price increases in a row, prices were virtually flat in September (top chart). This is consistent with the recent loosening in the home resale market…

March 14, 2016

Economic news – Canada: House prices up 0.6% in February

OPINION: The last monthly increase in the composite index, the largest for a month of February since the recession, is totally due to the price jump in Vancouver. Without Vancouver, the index would have been about flat. The 12-month two-digit price gain in Vancouver is consistent with data reported by the Real Estate Board of […]

March 14, 2016

Home Prices Up 0.6% In February

In February the Teranet–National Bank National Composite House Price Index™ was up 0.6% from the previous month, the largest increase for a February since the recession. Though prices were up on the month in six of the 11 metropolitan markets surveyed, the gain of the composite index came entirely from a 3.2% jump in the […]

March 01, 2016

Canada: Housing affordability deteriorated in Q4

Changes in housing affordability from Q4 2014 to Q4 2015 show significant divergence among markets. Affordability deteriorated in Vancouver, Toronto, Victoria, and Hamilton and improved in the other six markets. The sharpest deterioration from a year earlier was in Vancouver, where the MPPI rose 3.4 percentage points, with home prices up 11.9% from a year […]

Author: Carli