Canada’s House Price Index Hits All-time High In July

The Teranet–National Bank National Composite House Price Index™ rose to an all-time high in July, as did the indexes of four of the 11 metropolitan markets covered by the composite index: Hamilton, Toronto, Ottawa-Gatineau and Quebec City.

In Calgary, prices increased 0.5% from June and were up 5.9% from the previous July.

Calgary’s index now sits at 170.12.  It peaked back in September 2007 at 174.00.

May, June and July are generally the months in which upward pressure on home prices is strongest. In 15 years of index data collection, the national composite index has not declined in any of these three months

Prices were down from a year earlier for a fifth straight month in Victoria (−4.0%) and for a 12th straight month in Vancouver (−2.0%).

HPI - July 2013

One response to “Canada’s House Price Index Hits All-time High In July

  1. Interesting numbers for the Calgary area. Thanks for making us aware.

Please feel free to post your comment or question

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s