Teranet Home price index
- HPI MoM -0.1% versus -0.3% last month
- Home price index 223.96 vs 224.07 last month
- YoY 2.2% vs 2.5%
- It was the fifth consecutive month without a rise, the longest such run since March 2013, and was notable for marked retreats in the three largest markets of Western Canada: Edmonton (−0.8%), Calgary (−0.5%) and Vancouver (−0.3%).
- The index for Ottawa-Gatineau was also down (−0.3%).
- Indexes for Victoria and Hamilton were flat.
- There were monthly rises for Quebec City (+1.3%), Halifax (+0.7%), Montreal (+0.2%), Toronto (+0.1%) and Winnipeg (+0.1%).
- The three westernmost markets have been trending down markedly for months now. For Calgary it was a seventh month without a gain (cumulative decline -2.4%), for Vancouver the sixth (−3.2%), for Edmonton the fifth (−3.5%).
The housing market continues to weaken.
For the full report, CLICK HERE.
