Canada Housing October 2021

Canada

Canada: House price growth falls in October

October 19, 2021

According to the Teranet-National Bank Composite House Price Index, house prices were virtually stable on a month-on-month non-seasonally-adjusted basis in October, after rising 0.1% in September. In annual terms, house prices were up 15.7% in October, decelerating from the previous month’s 17.3% rise.

In October, prices in 7 of the 11 markets surveyed increased over the month prior. Prices in Hamilton, Halifax and Victoria increased at the quickest rates, while prices in Toronto—which accounts for over one-third of the 11-city composite index—grew 0.1% month-on-month.


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Canada Housing Prices October 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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