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Canada: Housing prices fall for second consecutive month in December

January 14, 2015

The Teranet-National Bank National Composite House Price index fell 0.2% in December over the previous month. The result followed November’s 0.3% decrease and represented the second consecutive fall in prices. The countrywide index decreased to a four-month low of 167.2 points from November’s 167.5 points.

Regarding regional developments, housing prices declined in 5 of the 11 metropolitan markets surveyed, with the largest falls recorded in Halifax and Calgary. On an annual basis, house prices rose 4.9% in December, which was below November’s 5.2% gain.


Author: Angela Bouzanis, Senior Economist

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Canada Housing Prices December 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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