House Price Index Adds 5 More Cities

The House Price Index™ will include indices for Edmonton, Hamilton, Québec, Victoria and Winnipeg as early as next Wednesday, according to a news release by National Bank and Teranet today.

The new metropolitan area indices will be combined with the current 6 cities to form a composite 11 House Price Index™.

For those tracking the existing composite index, it will still be available and named the Composite 6 House Price Index™.

The HPI is based on the “repeat sales methodology,” which is widely accepted as a reliable approach for tracking the housing market.

With Edmonton added to the index, we’ll now be able to see how the 2 largest markets within Alberta track and compare with each other.

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One response to “House Price Index Adds 5 More Cities

  1. Pingback: House Price Index (HPI): August 2011 | Calgary Real Estate Review

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