Home > real-estate > House Price Index for 6 Canadian Metropolitan cities

House Price Index for 6 Canadian Metropolitan cities

The chart below shows the composite house price index of 6 Metropolitan cities and the individual cities. According to Teranet, the House Price Index is “an independent representation of the rate of change of Canadian single-family home prices”

Some interesting facts from the chart:
House Price Changed ~ 50% from 2000 to 2005 and ~33% from 2005 to 2010 (March) across the 6 cities.

Calgary & Vancouver however experienced the biggest rise of 70% & 50% from July 2005 to July 2008 respectively.

All cities except Calgary have recently passed the previous high set in 2008; Calgary single family homes are still 7% below the previous peak.

Also note, the index base level is 100 in July 2005

Source: Teranet House Price Index

Where are house prices going from here?

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