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National House Price Index in Canada, composite of 11 cities (March 2005=100)

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
2023-3.57%1.44%3.2%-1.28%
20221.78%-1.79%-4.05%-1.71%
20212.23%3.6%1.75%3.63%
20201.38%-1.3%5.42%2.94%
2019-2.4%-0.95%1.84%1.96%
2018-1.53%-0.38%1.13%0.96%
20171.61%3.99%-0.9%1.85%
20161.29%2.7%3.8%2.75%
2015-0.26%0.05%2.38%2.15%
20140.12%-0.9%2.06%2.73%
2013-0.14%0.21%1.08%1.92%
20120.5%0.68%0.11%0.87%
20110.33%1.56%0.58%1.54%
20100.67%1.06%-2.69%1.86%
2009-3.44%1%4.69%4.62%
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%
20041.68%0.9%1.3%1.76%
20030.18%1.83%1.42%2.03%
20020.48%1.42%1.25%1.8%
20010.39%-0.42%1.77%3.04%
20000.11%0.24%0.53%0.67%
19990.94%-0.77%0.88%

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.