This October, Teranet’s National Composite House Price Index declined for every metropolitan Canadian city except Montreal. The overall index dropped by 0.4% in October relative to the previous month. A decline in October is not the norm.
The component indexes for the markets surveyed were as followed:
- victoria (−0.1%)
- Toronto (−0.2%)
- Winnipeg (−0.2%)
- Calgary (−0.3%)
- Ottawa-Gatineau (−0.4%)
- Hamilton (−0.5%)
- Edmonton (−0.7%)
- Vancouver (−0.8%)
- Quebec City (−1.0%)
- Halifax (−1.0%).
Compared to October 2017, the composite index increased by 2.8%, since the index fell abruptly in September and October last year.
The 12 month rises were well above the countrywide average in Vancouver (4.6%), Montreal (5%), Ottawa-Gatineau (5%) and Victoria (5.2%).
Indexes were down (year-over-year) in Edmonton (−0.5%), Quebec City (−0.6%) and Calgary (−1.4%).
For the full report including historical data, visit the Teranet website.
This article, Teranet: Home Price Index Falls In Every Component Market Except Montreal, appeared first on Shupilov News.