April: Eighth Consecutive Month Without a Rise in the Composite Index

April: Eighth Consecutive Month Without a Rise in the Composite Index

May 14, 2019 April: Eighth consecutive month without a rise in the composite index In April the Teranet–National Bank National Composite House Price IndexTM was flat from the previous month.[1] Apart from the 2009 recession period, it was the first April in 21 years of index history in which home…

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The Composite Index down for a sixth month in a row in March

The Composite Index down for a sixth month in a row in March

April 12, 2019 The Composite Index down for a sixth month in a row in March In March the Teranet–National Bank National Composite House Price IndexTM was down 0.3% from the previous month.[1] Apart from the recession year 2009, it was the first March decline in the 20 years of index history….

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Largest Retreat for a February Outside of Recession

Largest Retreat for a February Outside of Recession

March 13, 2019  Largest retreat for a February outside of recession In February the Teranet–National Bank National Composite House Price IndexTM was down 0.4% from the previous month.[1] Except for the recession year of 2009, it was the largest February decline in 19 years of index history. Indexes lost ground in nine of…

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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…

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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…

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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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