Post Category: Monthly Reports
September 19, 2019
The 12-month rise of the index accelerates for the first time in nine months

In August the Teranet–National Bank National Composite House Price IndexTM was up 0.4% from the month before. As in the three previous months, the gain was below the 21-year average for the month, 0.7% in the case of August. In contrast to May, June and July, however, the August index would have been up slightly […]

Post Category: Monthly Reports
August 20, 2019
Smallest 12-month rise in almost 10 years

In July the Teranet–National Bank National Composite House Price IndexTM was up 0.7% from the month before. As in the two previous months, the gain was not really a sign of countrywide market vigour, since the 21-year average for the month is 1.0%. As in May and June, it was only because of seasonal pressure […]

Post Category: Monthly Reports
July 18, 2019
Without the seasonal boost, the composite home price index would have been down in June

In June the Teranet–National Bank National Composite House Price IndexTM was up 0.8% from the month before. The rise was on the small side for a month of June – the 21-year average for the month is 1.2%. As in May, it was only because of seasonal pressure that the index rose at all. If […]

Post Category: Monthly Reports
June 19, 2019
Home price index up in May for the first time in nine months

In May the Teranet–National Bank National Composite House Price IndexTM was up 0.5% from the month before,[1] the first monthly gain in nine months. On the other hand, for a month of May it was the smallest rise in 21 years of index history. If seasonally adjusted, the index would have been down 0.4% on […]

Post Category: Monthly Reports
May 14, 2019
April: Eighth consecutive month without a rise in the composite index

In April the Teranet–National Bank National Composite House Price IndexTM was flat from the previous month.[1] Apart from the 2009 recession period, it was the first April in 21 years of index history in which home prices showed no rise. And the run of months with no rise in the composite index has now extended […]

Post Category: Monthly Reports
April 12, 2019
The Composite Index down for a sixth month in a row in March

In March the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month.[1] Apart from the recession year 2009, it was the first March decline in the 20 years of index history. It was also the sixth consecutive monthly decline, for a cumulative drop of 1.7%. Indexes were down on the […]

Post Category: Monthly Reports
March 13, 2019
Largest retreat for a February outside of recession

In February the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] Except for the recession year of 2009, it was the largest February decline in 19 years of index history. Indexes lost ground in nine of the 11 metropolitan markets of the composite index: Victoria (−2.0%), Hamilton (−1.4%), Quebec […]

Post Category: Monthly Reports
February 13, 2019
Weakness concentrated in the West

In January the Teranet–National Bank National Composite House Price IndexTM was down 0.1% from the previous month.[1] It was the fifth consecutive month without a rise, the longest such run since March 2013, and was notable for marked retreats in the three largest markets of Western Canada: Edmonton (−0.8%), Calgary (−0.5%) and Vancouver (−0.3%). The […]

Post Category: Monthly Reports
January 14, 2019
Home prices trended down in the second half of 2018

The Teranet–National Bank National Composite House Price IndexTM for December was down 0.3% from the previous month.[1] It was the third consecutive monthly retreat. The component indexes were down for seven of the 11 metropolitan markets surveyed: Edmonton (−1.4%), Vancouver (−1.2%), Winnipeg (−0.9%), Calgary (−0.6%), Victoria (−0.4%), Hamilton (−0.4%) and Quebec City (−0.4%). Indexes were […]

Post Category: Monthly Reports
December 12, 2018
Home price indexes down in November in all markets except Quebec City, Halifax and Victoria

In November the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month.[1] A November decline is not the norm – this was only the fourth in 20 years of index history. It was the second consecutive monthly decline. November’s retreat was quite broad-based: component indexes were down on the month […]