Canada: House price growth eases in September
October 20, 2021
According to the Teranet-National Bank Composite House Price Index, house price growth fell to 0.1% on a month-on-month non-seasonally-adjusted basis in September, down from August’s 1.0%. In annual terms, house prices were up 17.3% in September, decelerating from the previous month’s 18.4% rise.
In September, prices in 9 of the 11 markets surveyed increased over the month prior. Prices in Quebec City, Halifax and Winnipeg increased at the quickest rates, while prices in Toronto—which accounts for over one-third of the 11-city composite index—grew 0.4% month-on-month.