Teranet – National Bank National Composite House Price Index™
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 the 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%).