Following a flat March, Canada’s Teranet–National Bank National Composite House PriceIndexTM has risen by 0.2% in April.
8 of the 11 metropolitan markets saw gains: Quebec City (1.5%), Hamilton (0.8%), Halifax (0.6%), Vancouver (0.3%), Edmonton (0.3%), Toronto (0.2%), Montreal (0.2%) and Victoria (0.2%). Calgary’s index remained flat, while Ottawa-Gatineau −0.1% and Winnipeg −0.8% saw decreasing indexes.
For Vancouver, this is the 14th consecutive rise, which has set a record for the last 5 months. However, data from the Real Estate Board of Greater Vancouver makes it apparent that market conditions are loosening. This is most prominent in the single family home segment.
- Related: GMREB Housing Statistics April 2018
In Toronto, the index has decreased by 7.1% year over year, with detached dwellings most significantly impacting the city’s statistics.
Hamilton’s index is down by 5.2% from August, with declines recorded for six of the last eight months.
Ottawa-Gatineau has recorded a declining index in six of the last seven months, for a cumulative retreat of 2.4% since September.
For Calgary it has been the fifth consecutive month with a flat index.
Edmonton’s index has decreased in five of the last seven months.
In Montreal, the index is up from -.02 to .02 from March 2018 to April 2018.
Canada wide, the composite index in April decreased by 1.6% since August, but has stabilized towards the end of 2017.
This article, Teranet–National Bank National Composite House Price Index: April 2018, appeared first on Shupilov News.