Canada Housing


Canada: Growth in housing prices inches up in November

December 14, 2015

The Teranet-National Bank National Composite House Price index rose 0.2% in November over the previous month. The reading was above October’s 0.1% increase; the figure is also slightly above the historical average for November. The countrywide index continued to break records as it climbed to 177.7 points in November from October’s 177.4 points.

Regarding regional developments, Toronto and Vancouver, which together account for 54.0% of the index, recorded increases of 0.1% and 1.4%, respectively. Six of the 11 cities that comprise the index saw monthly price increases, the most significant being Vancouver and Victoria, which saw an increase of 1.8%, while Halifax saw the largest decline, falling 1.4%. On an annual basis, house prices rose 6.1% in November, which was up from the 5.6% recorded in October.

Author:, Economist

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Canada Housing Chart

Canada Housing Prices November 2015

Note: Monthly and annual variation in % of the Teranet-National Bank House Price Index.
Source: Teranet and National Bank of Canada.

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