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House prices in Canada, composite of 11 cities (March 1999=100)

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

 Q1Q2Q3Q4
2023-3.66%
20221.49%3.73%-3.8%-5.04%
20210.73%6.68%2.06%0.46%
20200.9%2.74%2.25%2.43%
2019-2.25%0.53%1.3%0.17%
2018-1.41%1.68%1%-0.73%
20171.16%5.52%1.49%-1.31%
20160.35%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%
20100.3%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%
20061.54%3.72%5.23%0.59%
20050.49%3.05%0.48%2.16%
20041.45%1.69%1.47%0.98%
2003-0.05%2.81%1.55%1.33%
20020.73%2.28%1.07%1.22%
20010.62%0.16%1.63%2.29%
2000-0.24%1.23%0.26%-0.11%
19991.16%-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.