|In April the composite index was up 0.2% from March. Except for April 2009, when the country was in recession, it was the weakest April monthly change in the 15 years since the inception of the index. In three markets considered lively, the monthly gain exceeded 1%: Winnipeg (1.3%), Edmonton (1.3.%), Calgary (1.2%). Excluding these three regions, the Composite index would have been flat in April. Lesser monthly increases were recorded in Hamilton (0.6%), Montreal (0.5%) and Toronto (0.4%). Prices were down from the month before in five markets: Vancouver (−0.8%), Quebec City (−0.5%), Ottawa-Gatineau (−0.2%) and Victoria and Halifax (−0.1%).|
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.