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Teranet: Home Price Index Falls In Every Component Market Except Montreal

This October, Teranet's National Composite House Price Index declined for every metropolitan Canadian city except Montreal.

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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%).
Source: Teranet

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.

 

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