The Toronto skyline in Canada

Canada Housing December 2018

Canada: House prices continue to tick down in December

House prices edged down 0.3% on a seasonally-adjusted monthly basis in December, according to the Teranet-National Bank National Composite House Price Index (November: -0.3% month-on-month s.a.). December’s print showed 7 of the 11 markets surveyed retreated from the previous month, resulting in the third consecutive monthly decline in the Teranet house price index.

In December, prices in Vancouver ebbed 1.2% compared to the previous month, while in Edmonton prices dropped 1.4% over the same period. In contrast, prices ticked up 0.2% in Toronto, which accounts for over a third of the 11-city composite index. Montreal and Ottawa also posted gains in December and ended the year at all-time highs.

In annual terms, housing prices climbed 2.5% in December, softening from the 3.1% increase recorded in November.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest