In March, the Teranet–National Bank National Composite House Price Index™ was up 0.8% from the previous month, the largest increase for a March since 2008. Though prices were up on the month in six of the 11 metropolitan markets surveyed, the gain of the composite index came mostly from a 2.8% jump in the Vancouver market, where the Real Estate Board reported the highest-selling March on record, and was the case for February. Elsewhere, prices were up 0.9% in Edmonton and Montreal, 0.6% in Hamilton, 0.3% in Toronto and 0.1% in Winnipeg. Prices were down 3.1% in Halifax, 1.7% in Quebec City, 0.7% in Victoria, 0.3% in Calgary and 0.1% in Ottawa-Gatineau. For Vancouver it was the 15th consecutive month without a decline. At the opposite, for Ottawa-Gatineau it was the seventh consecutive monthly deflation, for Calgary the sixth.
Teranet – National Bank National Composite House Price Index™