Post Category: Monthly Reports
February 20, 2024
Teranet-National Bank House Price Index continues to decline in January

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.3% from December to January, the fourth consecutive monthly decrease. However, this decline was due to contractions in only two of the eleven cities included in the index: Vancouver (-2.0%) and Toronto (-0.3%). […]

Post Category: Monthly Reports
January 18, 2024
Teranet-National Bank House Price Index ends the year down

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.5% from November to December, the third consecutive monthly decrease. In December, four of the 11 CMAs included in the index experienced decreases: Victoria (-3.9%), Vancouver (-1.5%), Toronto (-0.8%) and Ottawa-Gatineau (-0.3%). Conversely, […]

Post Category: Monthly Reports
December 19, 2023
Teranet-National Bank House Price Index continues its correction in November

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.5% from October to November, the second consecutive monthly decrease. In November, five of the 11 CMAs included in the index experienced decreases: Montreal (-2.2% after a 3.7% rise the previous month), Hamilton […]

Post Category: News and Economic Reports
November 17, 2023
Canada: Home prices start to drop again in October

After rising for the past five months, the Teranet-National Bank Composite Index™ started to fall again in October, as property prices across the country declined by 0.4% over the month in a context where the resale market is losing momentum. Indeed, the rise in interest rates in recent months, which exacerbates affordability problems, combined with a […]

Post Category: Monthly Reports
November 17, 2023
Teranet-National Bank House Price Index down in October

MONTH-OVER-MONTH After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, declined by 0.4% from September to October, the first decrease following five consecutive monthly increases. In October, four of the 11 CMAs included in the index experienced decreases: Toronto (-1.6%), Edmonton (-1.2%), Vancouver (-1.1%) and […]

Post Category: Monthly Reports
April 20, 2023
Record Annual Decline in the Teranet-National Bank House Price Index in March

YEAR-OVER-YEAR The Teranet-National BankTM Composite Home Price Index, which covers eleven CMAs across the country, declined by 6.9% from March 2022 to March 2023, slightly worse than the previous record contraction recorded during the 2008-2009 financial crisis. Increases were still observed in 3 of the 11 cities that make up the composite index in March. […]

Post Category: Monthly Reports
March 17, 2023
Teranet-National Bank House Price Index decline less significant in February

MONTH-OVER-MONTH Before seasonal adjustments, the Teranet-National BankTM Composite House Price Index decreased by 0.3% from January to February, a smaller decline than the 1.1% decrease observed last month. After adjusting for seasonal effects, the Teranet-National BankTM Composite House Price Index decreased by 0.5% from January to February, the tenth consecutive monthly decline. In February, 7 […]

Post Category: Monthly Reports
January 19, 2023
Teranet-National Bank House Price Index continues still down in December

MONTH-OVER-MONTH Before seasonal adjustment, the Teranet–National Bank National Composite House Price IndexTM fell 1.1% from November to December, a smaller decline than the 1.3% drop seen last month. After seasonal adjustment, the Teranet–National Bank National Composite House Price IndexTM decreased by 0.3% from November to December, the sixth consecutive monthly decline, but a smaller decrease […]

Post Category: Monthly Reports
December 19, 2022
Teranet-National Bank House Price Index continues its downward trend in November

Month-Over-Month Before seasonal adjustment, the Teranet–National Bank National Composite House Price Index™ declined 1.3% from October to November, a larger decrease than the 0.8% decline observed last month. After seasonal adjustment, the Teranet–National Bank National Composite House Price Index™ declined 1.1% from October to November, the fifth consecutive monthly decline and a larger decrease than […]

Post Category: Monthly Reports
November 18, 2022
Teranet-National Bank House Price Index experiences another monthly decline in October

MONTH-OVER-MONTH Before seasonal adjustment, the Teranet–National Bank National Composite House Price IndexTM fell 0.8% from September to October, a smaller decline than the 3.1% drop last month. After seasonal adjustment, the Teranet–National Bank National Composite House Price IndexTM decreased by 0.8% from September to October, the fourth consecutive monthly decline, but a smaller decrease than […]