Teranet Home price index

Teranet home price index
  • HPI MoM -0.1% versus -0.3% last month
  • Home price index 223.96 vs 224.07 last month
  • YoY 2.2% vs 2.5%
  • 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 Western Canada: Edmonton (−0.8%), Calgary (−0.5%) and Vancouver (−0.3%).
  • The index for Ottawa-Gatineau was also down (−0.3%).
  • Indexes for Victoria and Hamilton were flat.
  • There were monthly rises for Quebec City (+1.3%), Halifax (+0.7%), Montreal (+0.2%), Toronto (+0.1%) and Winnipeg (+0.1%).
  • The three westernmost markets have been trending down markedly for months now. For Calgary it was a seventh month without a gain (cumulative decline -2.4%), for Vancouver the sixth (−3.2%), for Edmonton the fifth (−3.5%).

The housing market continues to weaken.

For the full report, CLICK HERE.