Post Category: News and Economic Reports
June 19, 2023
Home prices rise for the first time in 11 months

After adjusting for seasonal effects, the Teranet-National Bank composite HPI resumed its upward trend (+0.6%) after ten consecutive monthly declines, which saw home prices correct by a total of 8.6%. This turnaround in property prices is due in particular to the rebound in the resale market over the past four months. This recovery is taking […]

Post Category: Monthly Reports
May 17, 2023
Teranet-National Bank House Price Index stabilizes in April

MONTH-OVER-MONTH Before seasonal adjustments, the Teranet-National Bank™ Composite House Price Index, which covers eleven CMAs across the country, rose by 1.8% from March to April, a second consecutive monthly increase. However, after adjusting for seasonal effects, the Teranet-National Bank™ Composite House Price Index remained relatively stable with a slight decrease of 0.1% between March and […]

Post Category: Monthly Reports
July 20, 2022
Teranet-National Bank House Price Index increased 16.7% year-over-year in June

YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price Index™, covering eleven CMAs around the country, recorded an annual gain of 16.7% in June, less than the 18.3% growth recorded the previous month. Increases were seen in all eleven cities in the composite index in June. Halifax led the way with a 30.9% year-over-year price increase, […]

Post Category: Monthly Reports
June 17, 2022
Teranet-National Bank House Price Index increased 18.3% in May

YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, recorded an annual gain of 18.3% in May, less than the record 18.8% increase recorded the previous month. Gains were seen in all eleven cities in the composite index in May, with Halifax, Hamilton and Victoria recording the largest year-over-year […]

Post Category: Monthly Reports
May 18, 2022
Teranet-National Bank House Price Index reports a record 18.8% annual home price increase in April 

YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, reported a 18.8% annual gain in April, breaking the record growth of 18.4% observed the previous month and in August 2021. Halifax, Hamilton, and Victoria reported the highest year-over-year gains among the 11 CMAs in April. Halifax led the way […]

Post Category: Monthly Reports
April 20, 2022
Teranet-National Bank House Price Index reports 18.4% annual home price increase in March

YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, reported a 18.4% annual gain in March, matching the record growth seen in August 2021. Halifax, Hamilton, and Victoria reported the highest year-over-year gains among the 11 CMAs in February. Halifax, Hamilton, Victoria and Toronto recorded the largest year-over-year increases […]

Post Category: Monthly Reports
March 17, 2022
Teranet-National Bank House Price Index reports 17.7% annual home price increase in February

YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, reported a 17.7% annual gain in February, up from the 16.6% the previous month. Halifax, Hamilton, and Victoria reported the highest year-over-year gains among the 11 CMAs in February. Halifax led the way with 32.5% year-over-year price increase, followed by […]

Post Category: Monthly Reports
February 17, 2022
Teranet-National Bank House Price Index reports 16.6% annual home price increase in January

YEAR-OVER-YEAR The Teranet–National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, reported a 16.6% annual gain in January, up from the 15.5% the previous month. Halifax, Hamilton, and Victoria reported the highest year-over-year gains among the 11 CMAs in January. Halifax led the way with 31.7% year-over-year price increase, followed by […]

Post Category: Monthly Reports
January 19, 2022
Home price growth strengthens in December

In December, the Teranet–National Bank National Composite House Price IndexTM increased by 0.8% compared to the previous month, the second consecutive monthly increase. The December index was led by eight of the eleven constituent markets: Victoria (2.1%), Halifax (1.9%), Hamilton (1.2%), Montréal (1.1%), Québec (1.1%), Vancouver (1.0%), Toronto (0.9%) and Calgary (0.3%). Price decreases were […]

Post Category: Monthly Reports
December 17, 2021
Home price growth resumed in November

In November, the Teranet–National Bank National Composite House Price IndexTM increased by 0.4% compared to the previous month, after remaining unchanged in October. The November index was led by seven of the eleven constituent markets: Halifax (1.2%), Victoria (1.0%), Toronto (0.8%), Hamilton (0.6%), Vancouver (0.4%), Quebec City (0.3%) and Calgary (0.1%). Prices remained stable in […]