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Canada: House prices rise again in June, reaching record high

July 15, 2014

The Teranet-National Bank National Composite House Price index rose 0.9% over the previous month in June, coming in marginally above May’s 0.8% increase and representing the largest monthly gain in a year. The countrywide index increased to a record high of 164.0 points.

Regarding regional developments, housing prices rose in 7 of the 11 metropolitan markets surveyed. On an annual basis, house prices rose 4.4% in June, which was slightly down from May’s 4.6% expansion.


Author: Teresa Kersting, Economist

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Canada Housing Prices June 2014

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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