Monthly Reports

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 […]

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 […]

In January the Teranet–National Bank National Composite House Price IndexTM rose 0.3% from the previous month, a tic higher than the historical average for January and a second consecutive monthly increase. However, only four of the 11 metropolitan markets surveyed showed gains – the first time since January 2016 that a rise in the Composite […]

In December the Teranet–National Bank National Composite House Price IndexTM  edged up 0.2% from the previous month, interrupting a three-month run of declines. However, only five of the 11 metropolitan markets surveyed showed index increases. The one-tick rise of the composite index was due to a 1.3% jump of the index for the large Vancouver […]

In August the Teranet-National Bank National Composite House Price IndexTM  was up 0.6% from the previous month, less than the average 0.7% gain for August over the 19-year history of the index. The composite index rise was indeed dampened by the 0.4% drop in the market with the largest aggregate property value, namely Toronto. It […]

In July, the national composite rise was significantly driven by a 2.1% increase in the market with the largest aggregate property value: Toronto. While this looks strong given the current context in the GTA, note that a weakening is occurring in the unsmoothed index for “dwellings other than condos” which is down 1.6%. This abrupt […]