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…

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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…

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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…

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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…

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The Stabilization of Home Prices Confirmed in May

The Stabilization of Home Prices Confirmed in May

In May the Teranet–National Bank National Composite House Price IndexTM  was up 1.0% from the previous month. This confirms the index stabilization following the downward trend that prevailed over the second half of 2017. The last monthly gain is one tick less than the May average of 1.1% over the 20…

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A flat March for the Teranet–National Bank House Price Index™

A flat March for the Teranet–National Bank House Price Index™

The Teranet–National Bank National Composite House Price Index™  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…

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