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House prices in Canada, composite of 11 cities (June 2005=100)
Economics Team | July, 15, 2018
Canada
Real estate price trends in Canada. The Teranet–National Bank House Price Index is an independently developed representation of average home price changes in 11 Canadian metropolitan areas: Victoria,Vancouver, Calgary, Edmonton, Winnipeg, Hamilton, Toronto, Ottawa-Gatineau, Montreal, Quebec, and Halifax. The national composite index is the weighted average of these 11 Canadian metropolitan areas. These Canada indices are based on the repeat sales methodology and began in February 1999. Statistics Canada publishes a monthly time-series of a Canada new house price index, based on contractors' selling prices of new residential houses in 21 Canadian metropolitan areas. Their dwelling price data is available from 1981 but is not free.
House price changes in Canada (11 cities composite) nominal and inflation-adjusted ('real')
% change over a year earlier
Canada
Source: Teranet- National Bank of Canada
Quarterly Change in house prices
| Q1 | Q2 | Q3 | Q4 | |
| 2019 | -0.79 | 1.20 | 1.23 | |
| 2018 | 0.17 | 2.22 | 1.08 | -0.95 |
| 2017 | 2.33 | 6.10 | 1.77 | -1.29 |
| 2016 | 1.31 | 5.41 | 4.35 | 0.82 |
| 2015 | 0.50 | 2.54 | 2.80 | 0.24 |
| 2014 | 0.71 | 2.22 | 2.23 | -0.28 |
| 2013 | -0.09 | 2.41 | 1.35 | 0.11 |
| 2012 | 0.38 | 3.20 | 0.49 | -0.98 |
| 2011 | 1.09 | 3.83 | 2.20 | -0.43 |
| 2010 | 1.00 | 3.47 | -0.21 | -0.71 |
| 2009 | -4.41 | 1.93 | 4.46 | 3.15 |
| 2008 | 0.32 | 2.33 | 0.17 | -3.52 |
| 2007 | 0.74 | 5.79 | 3.37 | 0.19 |
| 2006 | 2.48 | 4.58 | 4.95 | 0.77 |
| 2005 | 1.34 | 3.63 | 1.89 | 1.41 |
| 2004 | 2.14 | 2.85 | 1.38 | 1.36 |
| 2003 | 1.92 | 2.21 | 2.15 | 1.43 |
| % change over a quarter (QoQ) | ||||
This table shows the change in house prices during a single quarter.
The figures are not adjusted for inflation, so may overstate house price rises (or understate declines).
Four quarter's house price changes may NOT sum to the annual (year-on-year) change in house prices, for statistical reasons.
