Carli – Page 9 – House Price Index

Post Category: News and Economic Reports

May 19, 2021

Home prices continue their relentless advance in April

The Teranet-National Bank HPI jumped 2.4% in April to a new all-time high. This marks 18 straight monthly increases. Its recent vigour coincides with historically high numbers of home sales in most regions of Canada, coupled with limited supply. As such, market conditions remain very much in favour of sellers and consequently price growth. After […]

April 20, 2021

Big jump in home prices in March

In March the Teranet–National Bank National Composite House Price IndexTM was up 1.5% from the previous month, a sharp acceleration from the February increase of 0.5%. The advance was led by three of the 11 constituent markets: Halifax (3.3%), Hamilton (2.8%) and Toronto (1.9%). The rise for Vancouver matched the 1.5% of the composite index. […]

April 20, 2021

Big jump in home prices in March

The Teranet-National Bank HPI jumped 1.5% to a new high in March, its 17th straight monthly rise. Its recent vigour coincides with historically high numbers of home sales in most regions of Canada, coupled with limited supply. The monthly jump of the unsmoothed HPI was even bigger – 2.7%, the most of any month since […]

March 17, 2021

Home prices accelerate in February

In February the Teranet–National Bank National Composite House Price IndexTM was up 0.5% from the previous month, an acceleration from the January increase after three consecutive months of slowing. The advance was led by four of the 11 constituent markets: Halifax (2.3%), Hamilton (1.1%), Vancouver (0.8%) and Quebec City (0.7%). Rises of less than the […]

March 17, 2021

Home prices up in February for a 16th straight month

The Teranet-National Bank HPI rose to a new high in February. Its 0.5% gain from January was its 16th consecutive monthly rise. This recent vigour coincides with historically high numbers of home sales in most regions of Canada, coupled with limited supply. As a result, prices were up 10% or more from a year earlier […]

February 18, 2021

Home prices at a new peak in January

The Teranet-National Bank HPI rose 0.3% in January, reaching an all-time high. The new record coincides with a historically high volume of home sales in most regions of Canada, coupled with limited supply. The seasonally adjusted unsmoothed Composite HPI has surged 7.8% since July. However, the uptrend of home prices does not encompass all categories […]

February 18, 2021

Index growth slows further in January

In January the Teranet–National Bank National Composite House Price IndexTM was up 0.3% from the previous month. It was the third consecutive month in which the index rose less than the month before. The increase was led by five of the 11 constituent markets: Hamilton (2.0%), Montreal (1.0%), Victoria (0.6%), Halifax (0.4%) and Vancouver (0.4%). […]

February 04, 2021

Rising home prices posing a challenge for affordability

Housing affordability in Canada improved in the fourth quarter of 2020, marking a third amelioration in a row. That said, the improvement this quarter was much less impressive. Higher incomes and record low interest rates were almost completely offset by a substantial rise in home prices. Indeed, prices for the national composite rose 4.5% in […]

January 20, 2021

Home prices continued to rise in December

The Teranet-National Bank HPI rose 0.6% to a new high in December. This record coincides with a historically high volume of home sales in most regions of Canada coupled with limited supply. The seasonally adjust unsmoothed Composite HPI has surged 6.8% since July. However, December was the second consecutive month in which index growth was […]

January 20, 2021

Index growth slowed in December

In December the Teranet–National Bank National Composite House Price IndexTM was up 0.6% from the previous month, the strongest gain for a month of December since 2009. However, it was a second consecutive month in which the index rose less than the month before. The rise was led by six of the 11 constituent markets: […]

Author: Carli