28Jul/10Off
House Price Index (HPI): May 2010
While sales levels were dropping, prices were still on the rise in May according to the Teranet-National Bank House Index. Canadian home prices in May were up 13.6% from a year earlier. The 12-month gain was most influenced by: Vancouver … Continue reading
30Jun/10Off
House Price Index (HPI): April 2010
According to Teranet-National Bank’s House Price Index released today, Calgary prices recorded a 0.76% increase in April over March. Year-over-year, prices were up 4.18%. In Canada, the index was up 0.81% month-over-month, and up 12.89% from last April. For the first time in five months, all six metropolitan areas surveyed showed prices up from the [...]
26May/10Off
House Price Index (HPI): March 2010
Calgary home prices continued to descend slowly into the spring month of March. According to Teranet’s House Price Index released today, March marked the 3rd consecutive month-over-month decline, down 0.3% from February. Year-over-year, Calgary home prices were up 2.7%. Year-to-date, Calgary house prices were down 1.17%. Canadian home prices in March were up 11.6% from [...]
28Apr/10Off
House Price Index: February 2010
The lastest report from Teranet-National Bank will give some further fodder for discussion as to the bubbliness of Canadian real estate and whether it is nationwide or in isolated pockets. Canadian home prices in February were up 9.9% from a year earlier according to the index. Last April, the composite index hit bottom and is now up 11.7% since [...]
31Mar/10Off
House Price Index: January 2010
In January, Calgary prices declined 0.5% from the previous month and are down 9.7% from the peak. Year-over-year prices are up 1.9% and up 6.7% since the trough date of June 2009. Canadian home prices in January were up 7.5% from a year earlier, according to the Teranet-National Bank HPI. January was the 4th consecutive month [...]
24Feb/10Off
House Price Index: December 2009
For the first time in 18 months Calgary prices were higher than a year earlier according to the Teranet-National Bank House Price Index. The increase was a meagre 0.1%, however with Calgary now in positive territory, no markets in the survey are showing year-over-year depreciation. Between November and December Calgary prices increased 1.6%, however that’s still [...]
27Jan/10Off
House Price Index: November 2009
According to Teranet-National Bank’s report released today, Canadian house prices were up 2.6% from the previous November. It was the 7th straight month in which the index for Canada was up from the month before, leaving it down only 0.1% from the peak recorded in August 2008. The month-over-month gain was a positive 0.8%, but [...]
30Dec/09Off
House Price Index: October 2009
For the first time in almost a year house prices in Canada showed a year-over-year increase. Canadian house prices were up 0.6% from October of last year and up 1.3% from last month. Prices have increased by 1% or more for the last 5 months in a row. In October, however, the monthly [...]
25Nov/09Off
House Price Index, Mortgage Arrears, Affordability & More
This post will cover a wide range of topics, so hang on. :) - Teranet-National Bank House Price Index: September 2009 The Canadian index showed another increase month-over-month at 1.3% and while the year-over-year mark is still in negative territory the margin has been shrinking in the past few months: Canadian home prices in September were down 1.8% from [...]
28Oct/09Off
House Price Index & Residential Mortgage Arrears (August 2009)
Update: Added Mortgage Arrears stats released from CBA. Teranet-National Bank released their HPI report for August showing that Calgary prices continued to increase this summer – almost 2% between July and August. Even with several months of gains, Calgary prices were still down 8.29% from August 2008. The monthly rises in August were 2.7% in Toronto, 2.0% in [...]