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House prices in Canada, composite of 11 cities (March 1999=100)
March, 09, 2023
Canada
Real estate price trends in Canada. The Teranet–National Bank House Price Index tracks average home price changes in 11 Canadian metropolitan areas: Victoria,Vancouver, Calgary, Edmonton, Winnipeg, Hamilton, Toronto, Ottawa-Gatineau, Montreal, Quebec, and Halifax, and then takes a weighted average. These indices are based on the repeat sales methodology and began in February 1999.
House prices in Canada (11 cities composite) % change 1 yr
Nominal and inflation-adjusted ('real')
Canada
Source: Teranet- National Bank of Canada
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2022 | 1.49 | 3.73 | -3.8 | -5.04 |
| 2021 | 0.73 | 6.68 | 2.06 | 0.46 |
| 2020 | 0.9 | 2.74 | 2.25 | 2.43 |
| 2019 | -2.25 | 0.53 | 1.3 | 0.17 |
| 2018 | -1.41 | 1.68 | 1 | -0.73 |
| 2017 | 1.16 | 5.52 | 1.49 | -1.31 |
| 2016 | 0.35 | 4.09 | 4.8 | 1.03 |
| 2015 | -0.71 | 1.52 | 2.93 | 0.97 |
| 2014 | -0.49 | 1.19 | 2.22 | 0.96 |
| 2013 | -1.47 | 2.32 | 1.11 | 0.59 |
| 2012 | -0.86 | 3.28 | 0.16 | -0.33 |
| 2011 | -0.52 | 3.47 | 1.53 | -0.1 |
| 2010 | 0.3 | 2.94 | -0.81 | -1.22 |
| 2009 | -5 | 0.96 | 4.82 | 3.06 |
| 2008 | -0.21 | -0.16 | -0.09 | -1.47 |
| 2007 | -0.8 | 5.04 | 3.37 | 0.1 |
| 2006 | 1.54 | 3.72 | 5.23 | 0.59 |
| 2005 | 0.49 | 3.05 | 0.48 | 2.16 |
| 2004 | 1.45 | 1.69 | 1.47 | 0.98 |
| 2003 | -0.05 | 2.81 | 1.55 | 1.33 |
| 2002 | 0.73 | 2.28 | 1.07 | 1.22 |
| 2001 | 0.62 | 0.16 | 1.63 | 2.29 |
| 2000 | -0.24 | 1.23 | 0.26 | -0.11 |
| 1999 | 1.16 | -0.39 | 0.69 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.