Post Category: Monthly Reports
October 20, 2021
Prices stabilized in September

In September, the Teranet–National Bank National Composite House Price IndexTM remained relatively stable, increasing by only 0.1% compared to the previous month. This marks the fourth consecutive month in which the monthly price increase has been lower than the previous month. The September index was led by eight of the 11 constituent markets: Winnipeg (1.0%), […]

Post Category: News and Economic Reports
September 20, 2021
Record price growth hides moderation in August

In August, the Teranet-National Bank HPI saw record 12-month growth of 18.4%. This past year has been characterized by widespread price increases in the regions covered by the index. Indeed, prices were up 10% or more in 87% of the 32 urban markets surveyed. In addition, price growth was up 30% or more in 45% […]

Post Category: Monthly Reports
September 20, 2021
Price growth continues to decrease in August

In August, the Teranet–National Bank National Composite House Price IndexTM was up 1.0% from the previous month. It is now the third consecutive month in which the monthly price increase is lower than the previous month (2.8% in May, 2.7% in June and 2.0% in July). The August index was led by six of the […]

Post Category: News and Economic Reports
August 19, 2021
Price growth remains strong, but slows in July

In July, the Teranet-National Bank HPI was up 2.0% compared to the previous month. While this is still very robust growth, it is now the second consecutive month that the monthly price increase is lower than the previous month. This slowdown coincides with a decrease in activity in the resale market. In fact, home sales […]

Post Category: Monthly Reports
August 19, 2021
Price growth remains strong, but slows in July

In July the Teranet–National Bank National Composite House Price IndexTM was up 2.0% from the previous month. Although this is a significant increase, it is now the second consecutive month in which the monthly price increase is lower than the previous month (2.8% in May and 2.7% in June). The July index was led by […]

Post Category: News and Economic Reports
July 20, 2021
The 12-month rise of home prices in June broke the 2017 record

In June the Teranet-National Bank HPI was up 16.0% from a year earlier, the largest 12-month gain on record. The record is the more impressive for beating the 14.2% rise of June 2017, which preceded the coming into effect of macroprudential measures to restrain home prices. At that time the price rises were concentrated in […]

Post Category: Monthly Reports
July 20, 2021
A record 12-month rise of home prices in June

In June the Teranet–National Bank National Composite House Price IndexTM was up 2.7% from the previous month. This was close to a record but was the first time since January in which the monthly gain decelerated from the month before (May +2.8%). The June index was led by five of the 11 constituent markets: Ottawa-Gatineau […]

Post Category: Monthly Reports
June 17, 2021
Record rise of home prices in May

In May the Teranet–National Bank National Composite House Price IndexTM was up 2.8% from the previous month, the largest monthly rise since the index series began in 1999. It was led by four of the 11 constituent markets: Ottawa-Gatineau (4.9%), Halifax (4.3%), Hamilton (3.7%) and Toronto (3.4%). Rises were more moderate for Vancouver (2.3%), Winnipeg […]

Post Category: News and Economic Reports
June 17, 2021
Record rise of home prices in May

The Teranet-National Bank HPI jumped 2.8% in May to an all-time high. It was the 19th straight monthly increase and the largest ever since the index began in 1999. Its recent vigour coincides with historically high numbers of home sales in most regions of Canada, combined with limited supply. Market conditions accordingly remain very much […]

Post Category: Monthly Reports
May 19, 2021
An even bigger jump in home prices in April

In April the Teranet–National Bank National Composite House Price IndexTM was up 2.4% from the previous month, a marked acceleration even from the March increase of 1.5%. The advance was led by five of the 11 constituent markets: Halifax (5.4%), Toronto (3.0%), Victoria (2.8%), Ottawa-Gatineau (2.8%) and Hamilton (2.8%). Rises were more moderate for Vancouver […]