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In February the east-west dichotomy became more pronounced than ever. Home prices were up from the month before in all five markets of Western Canada - Calgary (1.1%), Vancouver and Victoria (0.9%), Edmonton (0.6%) and Winnipeg (0.5%). The rise in Victoria ended a run of four consecutive monthly declines. For Vancouver it was the 10th consecutive monthly increase. In the six markets of central and eastern Canada, the only monthly rise was in Montreal (0.7%), the second advance after six months of flat or declining prices. Prices were down 0.1% in Toronto, making February the fourth month without a gain in the last six. For Ottawa-Gatineau (−0.8%) it was the sixth decline in a row, for Quebec City (−1.7%) the sixth in seven months. For Halifax (−1.7%) it was the third decline in a row.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.
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Showing posts with label montreal. Show all posts
Showing posts with label montreal. Show all posts
Friday, March 14, 2014
Teranet HPI - February 2014
Monday, February 17, 2014
Teranet House Price Index - February 2014
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The 0.4% advance of the composite index from December to January was the largest monthly rise in five months. Over this period, it is also the first time that a majority of the markets surveyed showed prices up from the month before. Vancouver (+1.1%), Toronto (+0.5%) and Quebec City (+0.5%) led the composite index. Calgary equalled it. Hamilton prices were up 0.3%, Winnipeg and Montreal prices 0.2%. Edmonton was flat on the month. Prices fell 0.3% in Victoria, 1.1% in Ottawa-Gatineau and 1.7% in Halifax. The January rises in Montreal and Quebec City interrupted runs of five consecutive monthly declines. For Ottawa-Gatineau it was the fifth straight monthly decline, for Victoria the fourth and for Halifax the second. For Vancouver it was a ninth straight monthly rise, for the composite index the 10th in 11 months.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. |
Wednesday, December 19, 2012
Teranet House Price Index for December 2012
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The composite index was down 0.4% from October. It was the fourth November monthly decline in 13 years of data, including November 2008 when the country was on the verge of recession. For the first time since February 2009, when the recession was in full swing, prices were down from the month before in 10 of the 11 metropolitan markets surveyed. For Quebec City (−0.1%) and Victoria (−0.9%) it was the fourth straight monthly decline. For Montreal (−0.4%) and Ottawa-Gatineau (−0.5%) it was the third, for Toronto (-0.3%) and Halifax (−0.9%) the second. Prices were also down in Vancouver (-0.6%), Edmonton (−0.9%), Hamilton (-0.3%) and Winnipeg (-0.7%). Only in Calgary were prices up from the month before (0.4%). The Winnipeg and Hamilton markets nevertheless rate as tight by the criterion of seasonally adjusted new listings to sales as published by the Canadian Real Estate Association.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.
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Sunday, September 02, 2012
July 2012 Teranet House Price Index
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Since monthly changes are subject to seasonal factors, the 12-month change is revealing. In July the composite index was up 4.8% from a year earlier, an eighth consecutive month of deceleration in 12-month inflation. Since prices rose 1.0% from July to August last year, further deceleration is possible in August 2012. However, the only market in which 12-month inflation has followed the national composite in decelerating for eight straight months is Vancouver. In Montreal inflation has decelerated in seven of the last eight months. Four of the 11 markets show 12-month inflation exceeding the national average: Toronto 9.2%, Winnipeg 7.4%, Hamilton 5.9% and Halifax 5.4%. The 12-month gain was 4.3% in Montreal, 4.2% in Quebec City, 3.4% in Ottawa-Gatineau, 2.5% in Edmonton, 1.6% in Vancouver and 1.1% in Calgary. Despite Victoria's sharply monthly rise, its prices were down 0.4% from a year earlier.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.
1 Value of Dwelling for the Owner-occupied Non-farm, Non-reserve Private Dwellings of Canada.
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