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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Teranet–National Bank House Price Index™ up moderately in April

Teranet–National Bank House Price Index™ up moderately in April

After a flat March, the Teranet–National Bank National Composite House Price IndexTM  rose 0.2% in April. In the 20-year history of the index it was the fourth-smallest April advance, after those of 2009 (a recession year), 2013 and 2015. There were nevertheless gains in eight of the 11 metropolitan markets…

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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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The Teranet–National Bank House Price Index™ ticked down 0.1% in February

In February the Teranet–National Bank National Composite House Price IndexTM 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%),…

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Toronto Index Stopped Trending Down in January

Toronto index stopped trending down in January In January the Teranet–National Bank National Composite House Price IndexTM  rose 0.3% from the previous month, a tic higher than the historical average for January and a second consecutive monthly increase. However, only four of the 11 metropolitan markets surveyed showed gains – the…

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