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Teranet–National Bank National Composite House Price Index: April 2018

Following a flat March, Canada's Teranet–National Bank National Composite House PriceIndexTM  has risen by 0.2% in April.

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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.

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.

 

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