House Price Index (HPI): September 2011

Canadian home prices in September were flat from the previous month (+0.0%), according to the Teranet–National Bank National Composite House Price Index™. The plateau followed 9 consecutive monthly increases.   Year-over-year prices in Canada were up +7.4% or +6.5%,  depending if you’re looking at the original composite 6 index or the newer composite 11.

Several cities tracked by the index also experienced their first m/m decline in many months:

  • Ottawa-Gatineau (ending a run of seven straight monthly gains)
  • Vancouver (ending a run of 11 straight gains)
  • Montreal (first decline in 10 months)
  • Edmonton (first decline in seven months, and the only city tracked that is down from the previous year)

In four markets, prices were up from the month before – 0.6% in Winnipeg (eighth monthly increase in a row), 0.5% in Hamilton and Toronto (seventh increase in a row for both) and 0.2% in Victoria.

Calgary experienced the first decline in six month in September, dropping -0.8% from the previous month.  Year-over-year, house prices in Calgary were up +2.2%

One response to “House Price Index (HPI): September 2011

  1. Thanks for the article, interesting stats for Calgary Real Estate and what is really happening in the marketplace.

Please feel free to post your comment or question

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s