Thursday, 12 May 2016

The Numbers Are In: House Prices Up 1.2% in April

In April, the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month, the largest April increase since 2008. Though prices were up on the month in 10 of the 11 metropolitan markets surveyed, the gain of the composite index was due mostly to the three markets with the largest weights: Vancouver (+2.2%), Toronto (+1.4%) and Montreal (+1.1%). Prices were also up in Halifax (2.1%), Hamilton (1.0%), Winnipeg (0.8%), Victoria (0.5%), Calgary, Ottawa-Gatineau and Quebec City (0.2%). In Edmonton prices fell slightly (−0.1%). The April gains ended a run of seven monthly declines in Ottawa-Gatineau and a run of six monthly declines in Calgary. For Vancouver it was the 16th consecutive month without a decline, for Winnipeg the fourth.

Teranet-National Bank National Composite House Price Index™

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