Canada Housing


Housing prices pick up in March

The Teranet-National Bank National Composite House Price index rose 0.3% in March over the previous month. The reading showed an increase over February’s 0.1% print and was the highest reading recorded in six months. The countrywide index inched up to an all-time high of 168.0 points in March from February’s 167.5 points.

Regarding regional developments, housing prices increased in 8 of the 11 metropolitan markets surveyed, with the largest monthly increases recorded in Quebec City and Halifax. On an annual basis, house prices rose 4.7% in March, which was just above February’s 4.4% increase.

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Canada Housing Chart

Canada Housing Prices March 2015

Note: Monthly and annual variation in % of the Teranet-National Bank House Price Index.
Source: Teranet and National Bank of Canada.

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