Friday, June 12, 2015

HOME PRICES UP 0.9% IN MAY

JUNE 12, 2015
HOME PRICES UP 0.9% IN MAY
In May the Teranet–National Bank National Composite House Price Index™ was up 0.9% from the previous month, a fifth consecutive monthly increase. The 0.9% rise was slightly below the May average of 1.1% over the last 14 years. This was because Calgary prices fell 3.3% from April, the largest monthly drop recorded for that region, subtracting 0.3 percentage points from the gain of the composite index. The monthly slide left Calgary prices the lowest since April of last year. By contrast, all 10 of the other metropolitan markets entering into the composite index were up on the month, a breadth last seen in August 2014. Prices were up 2.3% in Halifax, 1.6% in Toronto and Montreal, 1.5% in Ottawa-Gatineau, 1.3% in Vancouver, 0.9% in Quebec City, 0.6% in Hamilton and Edmonton, 0.5% in Victoria and 0.2% in Winnipeg. The Ottawa-Gatineau gain came after a run of eight declines in nine months. In the other markets  east of Toronto, namely Montreal, Quebec City and Halifax, prices have risen rather sharply over the past three months after downward corrections that lasted from four to seven months depending on the case. This suggests that these markets are stimulated by historically low mortgage rates. The composite index was at an all-time high in May, as were the indexes of four of the 11 markets surveyed – Toronto, Vancouver, Hamilton and Quebec City. 

Read More


In May the composite index was up 4.6% from a year earlier, an acceleration from April. The 12-month gain was well above the countrywide average in Toronto (7.6%) and in Hamilton and Vancouver (6.2%). In Victoria and Edmonton (4.8%) it was close to th average. In Quebec City (2.9%), Montreal (1.5%), Winnipeg (1.0%) and Halifax (0.4%) it was well below the average. Prices were down from a year earlier in Ottawa-Gatineau (−0.9%) and, for the first time since July 2011, in Calgary (−1.4%).
Victoria    Vancouver    Calgary    Edmonton    Winnipeg    Hamilton    Toronto    Ottawa-Gatineau    Montréal   Québec    Halifax
For the full report including historical data, please visit: www.housepriceindex.ca
National Bank of CanadaTeranet

12 comments:

Pravin Dwivedi said...

nice blog thank to author, Crescent Homes, is best Homes Builders in Rockwood

GJones said...

so whens the market gona crash?

general manager said...

Thanks for sharing about housing analysis,
home valuation

general manager said...

Good article shared,
tallahasee realtors

general manager said...

I want to know about best real estate agents,
"jeffgrochowski"

Jon Lock said...

This is really interesting article and I found really useful information here.
Thank you!You can find really good rentals in Canada believe me!

Herry Pat said...
This comment has been removed by the author.
General Manager said...

"terrain a vendre nantes" was previously ignored in the Lubbock Real Estate Market. Lubbock has more than enough real estate agents and brokerage firms, but what Lubbock did not have was a FULL SERVICE REAL ESTATE SOLUTIONS COMPANY. Progressive Properties fills that void.

Pravin Dwivedi said...

I really Appricate the blog content it really very useful for everyone Home Builders in Waterloo

steward said...

Thank you for sharing this informative post with us,
REAL ESTATE AGENCY IN DIJON

elma Jonna said...

En tant que premier acheteur de temps j'ai vraiment eu aucune idée de l'endroit où commencer et quelles sont les questions importantes que je avais besoin répondu avant de le mettre dans une offre ou de décider si une maison est un bon ajustement pour moi ou non.
Votre détail partagé est maintenant utile pour moi de décider.
REAL ESTATE AGENCY IN DIJON

Lorian Nguyet said...

That's amazing post that you have shared with us,
Dallas Luxury Realty