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 [...]
30Sep/09Off
House Price Index: July 2009
July marked the first time in 12 months that Calgary real estate prices posted a gain according to Teranet-National Bank’s HPI. Calgary prices were up 1% from June, but still down 11.1% from July 2008 – the largest YoY decrease among cities tracked by the index. Excerpt from the report: Canadian home prices in July were down 5.1% [...]