Canada Housing July 2021


Canada: House price growth eases in July, but remains upbeat

August 19, 2021

According to the Teranet-National Bank Composite House Price Index, house price growth fell to 2.0% on a month-on-month non-seasonally-adjusted basis in July, from June’s 2.7%. In annual terms, house prices were up 17.8% in July—the fasted pace on record—and accelerating from the previous month’s 16.0% rise.

In July, prices in all 11 markets surveyed increased over the month prior for the third month running. Prices in Ottawa-Gatineau, Halifax and Montreal increased at the quickest rates, while prices in Toronto—which accounts for over one-third of the 11-city composite index—grew 1.6% month-on-month.


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Canada Housing Chart

Canada Housing Prices July 2021

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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