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 […]

Post Category: Monthly Reports
November 15, 2018
Home price index down in October in all component markets except Montreal

In October the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] An October decline is not the norm – this was only the fourth in 20 years of index history. It was also the first index decline in eight months. The most striking aspect of the retreat is its […]

Post Category: Monthly Reports
October 12, 2018
National Composite Index: Flat in September

In September the Teranet–National Bank National Composite House Price IndexTM  came in flat from the month before,[1] matching the historical average for September since 2010. Only five of the 11 metropolitan markets surveyed showed gains, the weakest diffusion in six months. These were Winnipeg (1.1%), Montreal (0.5%), Victoria (0.5%), Hamilton (0.2%) and Ottawa-Gatineau (0.1%). For […]

Post Category: Monthly Reports
September 12, 2018
Weakness in Toronto and Vancouver after seasonal adjustment

In August the Teranet–National Bank National Composite House Price IndexTM was up 0.2% from the previous month.[1] Removing normal seasonal patterns (seasonal adjustment), the index would have been virtually flat, following retreats in June and July. In other words, after seasonal adjustment, the downtrend of June and July did not turn around in August. Individual […]

Post Category: Monthly Reports
August 14, 2018
Seasonal pressures explain the rise of the Composite index in June and July

In July the Teranet–National Bank National Composite House Price IndexTM was up 0.8% from the previous month.[1] As in June, the gain might seem large but was below the historical average for the month (1.0% for July). If the index were purged from seasonal variations, the so-called “seasonally adjusted” index would have retreated in June […]

Post Category: Monthly Reports
July 12, 2018
Teranet–National Bank House Price Index™ has made up the ground lost in second half of 2017

In June the Teranet–National Bank National Composite House Price IndexTM was up 0.9% from May. Though large at first glance, the increase was the third-smallest for June in the last 14 years. If we ignore the seasonal component of monthly variations, we cannot speak of a soaring index. The latest run of monthly increases is […]

Post Category: Monthly Reports
June 13, 2018
The Stabilization Of Home Prices Confirmed In May

In May the Teranet–National Bank National Composite House Price IndexTM  was up 1.0% from the previous month. This confirms the index stabilization following the downward trend that prevailed over the second half of 2017. The last monthly gain is one tick less than the May average of 1.1% over the 20 years of index history. […]

Post Category: Monthly Reports
May 14, 2018
Index up moderately in April

After a flat March, the Teranet–National Bank National Composite House Price IndexTM rose 0.2% in April. In the 20-year history of the index it was the fourth-smallest April advance, after those of 2009 (a recession year), 2013 and 2015. There were nevertheless gains in eight of the 11 metropolitan markets surveyed: Quebec City (1.5%), Hamilton […]

Post Category: Monthly Reports
April 12, 2018
A flat March for the Teranet–National Bank House Price Index™

The Teranet–National Bank National Composite House Price IndexTM was unchanged in March – the first time outside a recession when the March composite index was not up at least 0.2 percentage points from February and the first time outside a recession when March indexes were up for only four of the 11 metropolitan markets of […]