Canada February Teranet house price index -0.4% m/m vs -0.1% prior

Canadian house prices under pressure

• Prior -0.1%
• +1.9% y/y
• 9 of 11 metropolitan areas lower
• Vancouver -3.9% in past seven months
• Full report

Canadian house prices declined in February in what was the largest Feb retreat outside of a recession in the 19 year history of the index.