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: News and Economic Reports
September 12, 2018
Affordability erodes again in Q2

Mortgage interest rates were on the rise for a fourth consecutive quarter in Q2. As a result, affordability worsened in no less than 7 out of ten urban markets which explains the 12th consecutive deterioration of our urban composite index. Unsurprisingly, the rise in interest rates hit harder for the priciest markets in the country […]

Post Category: Monthly Reports
March 14, 2018
The Teranet–National Bank House Price Index™ ticked down 0.1% in February

In February the Teranet–National Bank National Composite House Price Index(tm)  retreated 0.1% from the previous month, following December and January rises that had interrupted a downtrend. It was the first February decline since 2013. The index was up in only three of the 11 metropolitan markets surveyed, the fewest since October 2014: Vancouver (+0.4%), Hamilton […]

Post Category: Monthly Reports
December 13, 2017
A third straight monthly decline in November

In November the Teranet–National Bank National Composite House Price IndexTM was down 0.5% from the previous month, the third consecutive monthly decline and the largest for a month of November outside of a recession. Indexes were down for four of the 11 metropolitan areas surveyed: Toronto (−1.4%), Hamilton (−1.6%), Ottawa-Gatineau (−0.8%) and Edmonton (−0.7%). Indexes […]

Post Category: Monthly Reports
November 15, 2017
The Teranet–National Bank Composite House Price Index™ retreated 1.0% in October

In October the Teranet–National Bank National Composite House Price IndexTM was down 1.0% from the previous month, a second consecutive monthly decline and the largest since September 2010. The retreat was due to a 2.8% drop of the index for the Toronto market, the country’s largest. Indexes were also down on the month for five […]

Post Category: Monthly Reports
October 12, 2017
The Teranet–National Bank House Price Index™ retreated 0.8% in September

In September the Teranet–National Bank National Composite House Price IndexTM was down 0.8% from the previous month, the largest monthly decline since September 2010 and the first of any size since January 2016. The retreat was due to a 2.7% drop of the index for the Toronto market, the country’s largest. Indexes for four other […]

Post Category: Monthly Reports
February 12, 2016
Home Prices Down 0.1% In January

In January the Teranet–National Bank National Composite House Price Index™ was down 0.1% from the previous month, a second consecutive monthly decrease. A January decline has happened only three times in 17 years. For the first time in 11 months, prices were down on the month in seven of the 11 metropolitan markets surveyed: Montreal […]

Post Category: Monthly Reports
January 13, 2016
Home Prices Down 0.1% In December

In December the Teranet–National Bank National Composite House Price Index™ was down 0.1% from the previous month, the first monthly decrease in a year. The index has been down from the previous month in six out of nine Decembers since 2007. Prices were flat or down on the month in seven of the 11 metropolitan […]