|The September composite index was up 3.6% from a year earlier, for a 10th consecutive month of deceleration in 12-month inflation. However, the only market in which 12-month inflation has followed the national composite in decelerating for nine straight months is Vancouver. In Montreal inflation has decelerated in nine of the last 10 months, in Toronto in each of the last five months. Six of the 11 markets show 12-month inflation exceeding the national average, with Halifax (8.0%) taking first place from Toronto (7.8%), followed by Hamilton (6.9%), Winnipeg (6.3%), Montreal and Quebec City (3.8% each). The 12-month rise lagged the national average in Calgary and Edmonton (2.2% each) and in Ottawa-Gatineau (2.5%). Prices were down from a year earlier in Vancouver (−1.4%) and Victoria (−2.6%).|
Teranet – National Bank House Price Index™
The historical data of the Teranet – National Bank House Price Index™ is available at www.housepriceindex.ca.
The Teranet–National Bank House Price Index™ is an independently developed representation of average home price changes in six metropolitan areas: Ottawa, Toronto, Calgary, Vancouver, Montreal and Halifax. The national composite index is the weighted average of the six metropolitan areas. The weights are based on aggregate value of dwellings as retrieved from the 2006 Statistics Canada Census. According to that census1, the aggregate value of occupied dwellings in the metropolitan areas covered by the indices was $1.168 trillion, or 53% of the Canadian aggregate value of $2.207 trillion.
All indices have a base value of 100 in June 2005. For example, an index value of 130 means that home prices have increased 30% since June 2005.