Teranet’s numbers for November show a third consecutive decline in real estate prices across the country, led by Toronto. Price dropped by 0.47% in November, but they remain 9.19% higher than November of last year.
Meanwhile, Montreal saw the highest spike in prices of any Canadian city. This is the third consecutive month that prices have risen in Montreal.
In Toronto, prices dropped by 1.42% in November, yet remain 10.65% higher than November 2016.
In Vancouver, prices increased by a conservative 0.04%.
Teranet’s data is recorded using the land registry which includes all completed sales, making it highly accurate compared to using only MLS sales.