Weakness Concentrated in the West

Weakness Concentrated in the West

February 13, 2019 Weakness concentrated in the West In January the Teranet–National Bank National Composite House Price IndexTM was down 0.1% from the previous month.[1] It was the fifth consecutive month without a rise, the longest such run since March 2013, and was notable for marked retreats in the three largest markets of…

Read More

This is How Much Canadian Condo Prices Differed Across Markets in 2018 Q4 [National Bank Housing Affordability Monitor]

This is How Much Canadian Condo Prices Differed Across Markets in 2018 Q4 [National Bank Housing Affordability Monitor]

In the final quarter of 2018, Canadian housing affordability worsened for a 14th consecutive quarter, found economic research from the National Bank Housing Affordability Monitor. Using data from the Teranet-National Bank House Price Index, National Bank Deputy Chief Economist Matthieu Arseneau and Economist Kyle Dahms released a quarterly report on…

Read More

Home Prices Trended Down in the Second Half of 2018

Home Prices Trended Down in the Second Half of 2018

JANUARY 14, 2018 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…

Read More

Home Price Index Down in October in All Component Markets Except Montreal

Home Price Index Down in October in All Component Markets Except Montreal

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…

Read More

National Composite Index: Flat in September

National Composite Index: Flat in September

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…

Read More

Weakness in Toronto and Vancouver after seasonal adjustment

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…

Read More

Seasonal pressures explain the rise of the Composite index in June and July

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…

Read More