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Canada House Price Index since 1999

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

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2024-0.83%
2023-3.61%1.46%2.93%-0.99%
20221.74%-1.75%-4.28%-1.46%
20212.21%3.64%1.58%3.81%
20201.38%-1.27%5.31%3.03%
2019-2.39%-0.93%1.8%1.99%
2018-1.52%-0.37%1.11%0.96%
20171.61%4%-0.89%1.85%
20161.29%2.69%3.79%2.75%
2015-0.26%0.05%2.37%2.16%
20140.12%-0.9%2.06%2.73%
2013-0.14%0.21%1.08%1.93%
20120.5%0.68%0.11%0.88%
20110.33%1.56%0.58%1.54%
20100.67%1.07%-2.69%1.86%
2009-3.44%0.99%4.69%4.63%
20080.97%-2.15%-1.05%-0.55%
20071.83%2.31%2.04%1.25%
20061.65%1.72%4.9%1.59%
20051.3%1.09%0.16%3.87%
20041.67%0.92%1.3%1.76%
20030.18%1.84%1.41%2.03%
20020.48%1.42%1.25%1.79%
20010.39%-0.42%1.77%3.04%
20000.12%0.24%0.52%0.69%
19990.93%-0.76%0.87%

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.