Canada Housing June 2020

Canada

Canada: Housing prices growth continues to ease in June

July 20, 2020

According to the Teranet-National Bank Composite House Price Index, house price growth decelerated to 0.7% on a month-on-month non-seasonally-adjusted basis in June, from May’s 1.1%. In annual terms, house prices were up 5.9%, virtually identical to the month prior—which had marked the strongest rise since March 2018.

In June, prices in 9 of the 11 markets surveyed increased over the month prior. Prices in Halifax, Winnipeg and Hamilton increased robustly, while prices in Toronto—which accounts for over one-third of the 11-city composite index—grew a healthy 0.8% month-on-month.


Author:, Economist

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Canada Housing Prices June 20 20

Note: Monthly and annual variation in % of the Teranet-National Bank House Price Index.
Source: .


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