New House Pricing Data Released

This just rolled into my inbox:

Teranet – National Bank House Price Index™

For the first time in nine months, none of the six metropolitan markets surveyed showed a monthly increase of as much as 1%. The rise was 0.9% in Vancouver, 0.7% in Toronto, 0.6% in Halifax, 0.4% in Montreal and 0.3% in Ottawa. In Calgary prices declined 0.5%. Prices are now down 9.7% from the previous peak in Calgary and 0.2% in Vancouver. The other four markets passed their pre-recession peaks between May and October last year.

The index is now up 9.0% from its April 2009 bottom. This steep rise has been led by Vancouver (up 11.7% from May 2009) and Toronto (11.0% from April 2009). In other markets the increases have been more modest: Calgary 6.7% since June, Ottawa 6.5% since last April, Montreal 3.6% since February 2009, Halifax 1.5% since February 2009.

The 12-month appreciation was 9.4% in Toronto, 8.9% in Vancouver, 8.1% in Ottawa, 5.3% in Montreal, 4.6% in Halifax and 1.9% in Calgary.

The historical data of the Teranet – National Bank House Price Index™ is available at http://www.housepriceindex.ca.
Metropolitan area Index level
January 2010 % change m/m % change y/y From trough Trough Date
Calgary 158.27 -0.5 % 1.9 % 6.7% June 2009
Halifax 122.98 0.6 % 4.6 % 1.5% February 2009
Montreal 128.48 0.4 % 5.3 % 3.6% February 2009
Ottawa 123.17 0.3 % 8.1 % 6.5% April 2009
Toronto 120.44 0.7 % 9.4 % 11.0% April 2009
Vancouver 150.39 0.9 % 8.9 % 11.7% May 2009
National 132.86 0.5 % 7.5 % 9.0% April 2009

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