Canadian real estate prices climbed according to another index, but it had a limited impact on sentiment. The Teranet – National Bank of Canada House Price Index (TNBC HPI) made a substantial climb in April. Despite the big increase for prices, the Big Six bank warned a rapidly changing macro environment could change the direction of this trend.
TNBC HPI
The TNBC HPI tracks the movement of resale home prices across Canada. It’s similar to the CREA HPI, with the point of measurement being the difference. The TNBC HPI uses land registry data for their transactions. CREA and local boards use the date when the sale is entered into the MLS. CREA’s data point occurs before the land registry, but is also limited to only board sales. The TNBC’s data is later, but more comprehensive.
In a normal market, the trend might not look all that different – possibly a little delayed. In a rapidly changing market, more sales tend to fall through. The TNBC HPI would better capture the true movement of prices in this case. However, there’s still that registry lag to consider. April’s numbers are going to be a better view of where the buyer mindset was in March, than it will be in the actual month.
Canadian Home Prices Accelerate, But That Could Come To An End Soon
The C11, a price index of Canada’s 11 largest markets, showed a substantial movement last month. Prices increased 1.35% in April, when compared to the previous month. Compared to the same month last year, prices are now 5.27% higher. NBC noted the increase for April was unusually high, being twice the average gain for the past 10 Aprils. Six out of eleven of the cities reached new all-time highs according to the index. They warned this could change with the economy approaching a recession.
Teranet-National Bank HPI C11 (Annual Change)
The 12 month percent change of real estate prices in Canada’s 11 largest cities, according to the TNB HPI.
Month
C11
Mar 2000
4.3
Apr 2000
4.22
May 2000
3.91
Jun 2000
4.12
Jul 2000
4.24
Aug 2000
4.68
Sep 2000
4.67
Oct 2000
4.55
Nov 2000
4.62
Dec 2000
4.38
Jan 2001
4.53
Feb 2001
4.36
Mar 2001
4.49
Apr 2001
4.15
May 2001
4.21
Jun 2001
4.31
Jul 2001
4.52
Aug 2001
4.77
Sep 2001
4.97
Oct 2001
5.38
Nov 2001
5.48
Dec 2001
5.51
Jan 2002
5.56
Feb 2002
6
Mar 2002
6.82
Apr 2002
7.64
May 2002
8.12
Jun 2002
8.41
Jul 2002
8.71
Aug 2002
8.95
Sep 2002
9
Oct 2002
8.9
Nov 2002
8.97
Dec 2002
9.41
Jan 2003
9.51
Feb 2003
9.48
Mar 2003
9.02
Apr 2003
8.6
May 2003
8.26
Jun 2003
7.86
Jul 2003
7.72
Aug 2003
7.62
Sep 2003
7.93
Oct 2003
8.16
Nov 2003
8.18
Dec 2003
7.93
Jan 2004
7.83
Feb 2004
7.92
Mar 2004
8.16
Apr 2004
8.23
May 2004
8.63
Jun 2004
8.85
Jul 2004
8.89
Aug 2004
8.56
Sep 2004
8.03
Oct 2004
7.76
Nov 2004
7.72
Dec 2004
7.96
Jan 2005
7.73
Feb 2005
7.61
Mar 2005
7.12
Apr 2005
7.64
May 2005
7.82
Jun 2005
7.92
Jul 2005
7.25
Aug 2005
8.35
Sep 2005
8.46
Oct 2005
8.6
Nov 2005
8.79
Dec 2005
8.52
Jan 2006
8.68
Feb 2006
8.88
Mar 2006
9.73
Apr 2006
9.84
May 2006
10.21
Jun 2006
10.74
Jul 2006
13.14
Aug 2006
13.71
Sep 2006
14.06
Oct 2006
13.69
Nov 2006
13.75
Dec 2006
13.34
Jan 2007
13.04
Feb 2007
11.66
Mar 2007
11.42
Apr 2007
11.83
May 2007
12.31
Jun 2007
12.71
Jul 2007
11.87
Aug 2007
11
Sep 2007
11.01
Oct 2007
11.04
Nov 2007
10.69
Dec 2007
10.38
Jan 2008
10.47
Feb 2008
10.63
Mar 2008
9.92
Apr 2008
8.69
May 2008
7.4
Jun 2008
6.32
Jul 2008
5.11
Aug 2008
4.16
Sep 2008
3.03
Oct 2008
1.85
Nov 2008
0.43
Dec 2008
-0.79
Jan 2009
-2.53
Feb 2009
-4.04
Mar 2009
-5.47
Apr 2009
-6.42
May 2009
-6.52
Jun 2009
-5.84
Jul 2009
-4.88
Aug 2009
-3.38
Sep 2009
-1.81
Oct 2009
0.31
Nov 2009
2.36
Dec 2009
4.97
Jan 2010
7.24
Feb 2010
9.42
Mar 2010
10.91
Apr 2010
12.19
May 2010
12.68
Jun 2010
12.6
Jul 2010
11.59
Aug 2010
9.92
Sep 2010
7.56
Oct 2010
5.78
Nov 2010
4.46
Dec 2010
3.54
Jan 2011
3.37
Feb 2011
3.38
Mar 2011
3.63
Apr 2011
3.73
May 2011
3.81
Jun 2011
3.99
Jul 2011
4.7
Aug 2011
5.4
Sep 2011
6.5
Oct 2011
6.98
Nov 2011
7.14
Dec 2011
6.8
Jan 2012
6.55
Feb 2012
6.08
Mar 2012
6.05
Apr 2012
5.9
May 2012
5.81
Jun 2012
5.41
Jul 2012
4.82
Aug 2012
4.05
Sep 2012
3.64
Oct 2012
3.43
Nov 2012
3.29
Dec 2012
3.08
Jan 2013
2.67
Feb 2013
2.66
Mar 2013
2.6
Apr 2013
2.04
May 2013
2
Jun 2013
1.81
Jul 2013
1.85
Aug 2013
2.31
Sep 2013
2.68
Oct 2013
3.07
Nov 2013
3.37
Dec 2013
3.81
Jan 2014
4.79
Feb 2014
5.31
Mar 2014
5.17
Apr 2014
5.46
May 2014
5.11
Jun 2014
4.83
Jul 2014
5.1
Aug 2014
5.28
Sep 2014
5.65
Oct 2014
5.64
Nov 2014
5.56
Dec 2014
5.44
Jan 2015
5.17
Feb 2015
4.97
Mar 2015
4.93
Apr 2015
4.49
May 2015
4.54
Jun 2015
5.1
Jul 2015
5.34
Aug 2015
5.59
Sep 2015
5.83
Oct 2015
5.87
Nov 2015
6.32
Dec 2015
6.45
Jan 2016
6.03
Feb 2016
6.56
Mar 2016
7.22
Apr 2016
8.41
May 2016
9.26
Jun 2016
10.18
Jul 2016
11.03
Aug 2016
11.69
Sep 2016
12
Oct 2016
12.17
Nov 2016
11.99
Dec 2016
12.25
Jan 2017
12.76
Feb 2017
13.15
Mar 2017
13.23
Apr 2017
13.2
May 2017
13.76
Jun 2017
14.16
Jul 2017
14.03
Aug 2017
12.92
Sep 2017
11.16
Oct 2017
9.67
Nov 2017
8.99
Dec 2017
8.92
Jan 2018
8.73
Feb 2018
7.54
Mar 2018
6.61
Apr 2018
5.62
May 2018
4.48
Jun 2018
2.87
Jul 2018
1.75
Aug 2018
1.37
Sep 2018
2.14
Oct 2018
2.81
Nov 2018
3.05
Dec 2018
2.51
Jan 2019
2.18
Feb 2019
1.87
Mar 2019
1.53
Apr 2019
1.24
May 2019
0.69
Jun 2019
0.51
Jul 2019
0.44
Aug 2019
0.61
Sep 2019
0.66
Oct 2019
0.99
Nov 2019
1.43
Dec 2019
1.95
Jan 2020
2.07
Feb 2020
2.87
Mar 2020
3.84
Apr 2020
5.27
Source: National Bank of Canada, Teranet, Better Dwelling.
Toronto Real Estate Prices Make Second Largest Climb
The index for Toronto showed one of the biggest gains across Canada. The index increased 1.99% in April, and is up 8.19% from last year. The monthly increase was second only to Ottawa, and puts the index at a new all-time high for prices.
Toronto Real Estate Price Change
The 12 month percent change of real estate prices in Toronto, according to the TNB HPI.
Month
Toronto
Jul 1999
4.09
Aug 1999
3.41
Sep 1999
3.9
Oct 1999
4.29
Nov 1999
4.26
Dec 1999
3.38
Jan 2000
4.14
Feb 2000
4.97
Mar 2000
6.12
Apr 2000
5.83
May 2000
4.13
Jun 2000
4.3
Jul 2000
4.44
Aug 2000
5.74
Sep 2000
5.84
Oct 2000
5.86
Nov 2000
6.24
Dec 2000
5.43
Jan 2001
5.48
Feb 2001
4.99
Mar 2001
5.63
Apr 2001
5.05
May 2001
5.12
Jun 2001
4.97
Jul 2001
5.07
Aug 2001
5.12
Sep 2001
5.14
Oct 2001
5.61
Nov 2001
5.61
Dec 2001
5.72
Jan 2002
5.77
Feb 2002
6.16
Mar 2002
6.75
Apr 2002
7.58
May 2002
8.08
Jun 2002
8.33
Jul 2002
8.3
Aug 2002
8.51
Sep 2002
8.45
Oct 2002
8.09
Nov 2002
8.09
Dec 2002
8.53
Jan 2003
8.67
Feb 2003
8.19
Mar 2003
7.6
Apr 2003
6.97
May 2003
6.52
Jun 2003
5.86
Jul 2003
5.79
Aug 2003
5.71
Sep 2003
5.9
Oct 2003
5.84
Nov 2003
5.63
Dec 2003
5.51
Jan 2004
5.32
Feb 2004
5.28
Mar 2004
4.92
Apr 2004
4.42
May 2004
4.69
Jun 2004
4.83
Jul 2004
5.21
Aug 2004
4.92
Sep 2004
4.88
Oct 2004
4.91
Nov 2004
5.09
Dec 2004
5.14
Jan 2005
5.06
Feb 2005
5.14
Mar 2005
4.81
Apr 2005
5.89
May 2005
6.18
Jun 2005
7.09
Jul 2005
6.2
Aug 2005
7.1
Sep 2005
6.59
Oct 2005
6.56
Nov 2005
6.61
Dec 2005
6.36
Jan 2006
6.17
Feb 2006
5.84
Mar 2006
6.42
Apr 2006
5.94
May 2006
5.79
Jun 2006
5.25
Jul 2006
6.37
Aug 2006
5.71
Sep 2006
5.12
Oct 2006
3.11
Nov 2006
2.69
Dec 2006
2.12
Jan 2007
2.67
Feb 2007
1.27
Mar 2007
1.1
Apr 2007
1.26
May 2007
2.22
Jun 2007
3.34
Jul 2007
4.04
Aug 2007
4.42
Sep 2007
5.29
Oct 2007
7.05
Nov 2007
7.83
Dec 2007
8.37
Jan 2008
8.32
Feb 2008
9.08
Mar 2008
8.62
Apr 2008
7.84
May 2008
6.87
Jun 2008
6.21
Jul 2008
5.58
Aug 2008
5.6
Sep 2008
4.8
Oct 2008
3.05
Nov 2008
0.59
Dec 2008
-0.72
Jan 2009
-2.68
Feb 2009
-5.03
Mar 2009
-6.96
Apr 2009
-7.61
May 2009
-6.68
Jun 2009
-5.53
Jul 2009
-4.54
Aug 2009
-2.87
Sep 2009
-0.89
Oct 2009
2.41
Nov 2009
4.98
Dec 2009
7.42
Jan 2010
9.77
Feb 2010
13.45
Mar 2010
15.86
Apr 2010
17.07
May 2010
16.24
Jun 2010
16.27
Jul 2010
15.22
Aug 2010
12.74
Sep 2010
9.08
Oct 2010
6.35
Nov 2010
4.94
Dec 2010
4.16
Jan 2011
4.07
Feb 2011
3.66
Mar 2011
4.1
Apr 2011
4.3
May 2011
4.8
Jun 2011
4.37
Jul 2011
4.94
Aug 2011
6.15
Sep 2011
8.53
Oct 2011
10.36
Nov 2011
10.75
Dec 2011
9.94
Jan 2012
9.92
Feb 2012
9.98
Mar 2012
10.01
Apr 2012
10.15
May 2012
9.92
Jun 2012
9.51
Jul 2012
9.24
Aug 2012
8.31
Sep 2012
7.85
Oct 2012
6.42
Nov 2012
6.34
Dec 2012
6.29
Jan 2013
5.31
Feb 2013
4.94
Mar 2013
4.72
Apr 2013
4.27
May 2013
3.87
Jun 2013
3.63
Jul 2013
3.38
Aug 2013
3.85
Sep 2013
3.72
Oct 2013
4.09
Nov 2013
4.19
Dec 2013
4.91
Jan 2014
5.82
Feb 2014
6.05
Mar 2014
5.85
Apr 2014
5.78
May 2014
6.05
Jun 2014
6.07
Jul 2014
6.6
Aug 2014
6.66
Sep 2014
7.41
Oct 2014
7.36
Nov 2014
7.25
Dec 2014
7.24
Jan 2015
7.35
Feb 2015
7.32
Mar 2015
7.62
Apr 2015
7.28
May 2015
7.6
Jun 2015
7.8
Jul 2015
8.35
Aug 2015
8.75
Sep 2015
8.65
Oct 2015
9.25
Nov 2015
9.66
Dec 2015
9.46
Jan 2016
8.62
Feb 2016
9
Mar 2016
9.04
Apr 2016
10.51
May 2016
10.58
Jun 2016
12.39
Jul 2016
13.25
Aug 2016
14.59
Sep 2016
16.4
Oct 2016
17.39
Nov 2016
18.51
Dec 2016
19.75
Jan 2017
20.94
Feb 2017
22.95
Mar 2017
24.8
Apr 2017
26.34
May 2017
28.73
Jun 2017
29.26
Jul 2017
27.96
Aug 2017
23.93
Sep 2017
18.04
Oct 2017
13.43
Nov 2017
10.65
Dec 2017
9.02
Jan 2018
8.37
Feb 2018
6.19
Mar 2018
4.31
Apr 2018
1.89
May 2018
-0.34
Jun 2018
-2.8
Jul 2018
-4.01
Aug 2018
-3.34
Sep 2018
-0.78
Oct 2018
1.88
Nov 2018
3.3
Dec 2018
3.72
Jan 2019
3.63
Feb 2019
3.56
Mar 2019
3.26
Apr 2019
3.29
May 2019
2.63
Jun 2019
2.81
Jul 2019
3.24
Aug 2019
3.79
Sep 2019
4.03
Oct 2019
4.06
Nov 2019
4.2
Dec 2019
4.48
Jan 2020
4.52
Feb 2020
5.15
Mar 2020
6.36
Apr 2020
8.19
Source: National Bank of Canada, Teranet, Better Dwelling.
Vancouver Real Estate Prices Stop Falling
Vancouver real estate prices made an annual increase for the first time in over a year. The region’s price index moved 0.61% higher in April, and is now up 0.36% from last year. Prices are still 4.39% down from the July 2018 peak, but annual gains have finally stopped showing declines. Just in time for a recession.
Vancouver Real Estate Price Change
The 12 month percent change of real estate prices in Vancouver, according to the TNB HPI.
Month
Vancouver
Jul 1999
-1.87
Aug 1999
-1.35
Sep 1999
-0.72
Oct 1999
-0.04
Nov 1999
0.36
Dec 1999
1.23
Jan 2000
1.65
Feb 2000
1.79
Mar 2000
1.71
Apr 2000
1.45
May 2000
1.92
Jun 2000
2.25
Jul 2000
2.3
Aug 2000
2.02
Sep 2000
1.32
Oct 2000
0.8
Nov 2000
0.55
Dec 2000
0.58
Jan 2001
0.97
Feb 2001
0.95
Mar 2001
0.24
Apr 2001
0.25
May 2001
0.47
Jun 2001
1.08
Jul 2001
1.08
Aug 2001
1.24
Sep 2001
2.3
Oct 2001
3.08
Nov 2001
3.5
Dec 2001
3.23
Jan 2002
3.38
Feb 2002
4.3
Mar 2002
6.14
Apr 2002
7.07
May 2002
7.43
Jun 2002
7.37
Jul 2002
7.79
Aug 2002
8.08
Sep 2002
7.44
Oct 2002
7.41
Nov 2002
7.17
Dec 2002
7.82
Jan 2003
7.61
Feb 2003
8.07
Mar 2003
7.92
Apr 2003
7.78
May 2003
7.54
Jun 2003
7.34
Jul 2003
7.75
Aug 2003
8.11
Sep 2003
9.33
Oct 2003
10.2
Nov 2003
11.01
Dec 2003
11.23
Jan 2004
11.41
Feb 2004
11.87
Mar 2004
12.58
Apr 2004
13.36
May 2004
14.26
Jun 2004
14.92
Jul 2004
14.93
Aug 2004
14.49
Sep 2004
12.95
Oct 2004
11.99
Nov 2004
11.26
Dec 2004
11.37
Jan 2005
10.72
Feb 2005
9.78
Mar 2005
8.66
Apr 2005
8.68
May 2005
9.27
Jun 2005
8.73
Jul 2005
9.18
Aug 2005
10.54
Sep 2005
11.85
Oct 2005
12.41
Nov 2005
13.33
Dec 2005
13.48
Jan 2006
14.23
Feb 2006
15.14
Mar 2006
16.33
Apr 2006
16.15
May 2006
15.91
Jun 2006
17.27
Jul 2006
20.05
Aug 2006
22.65
Sep 2006
23.26
Oct 2006
22.89
Nov 2006
22.66
Dec 2006
20.83
Jan 2007
19.78
Feb 2007
17.69
Mar 2007
17.4
Apr 2007
17.65
May 2007
17.24
Jun 2007
16.4
Jul 2007
13.77
Aug 2007
11.32
Sep 2007
11.04
Oct 2007
11.38
Nov 2007
11.3
Dec 2007
11.83
Jan 2008
12.4
Feb 2008
12.86
Mar 2008
13.01
Apr 2008
12.35
May 2008
11.61
Jun 2008
10.25
Jul 2008
8.78
Aug 2008
6.85
Sep 2008
5.34
Oct 2008
3.14
Nov 2008
1.17
Dec 2008
-1.66
Jan 2009
-4.56
Feb 2009
-6.72
Mar 2009
-9.35
Apr 2009
-10.66
May 2009
-11.64
Jun 2009
-10.67
Jul 2009
-9.3
Aug 2009
-7.41
Sep 2009
-5.14
Oct 2009
-2.22
Nov 2009
0.94
Dec 2009
5.18
Jan 2010
9.3
Feb 2010
12.01
Mar 2010
14.2
Apr 2010
15.55
May 2010
16.99
Jun 2010
16.43
Jul 2010
14.12
Aug 2010
11.76
Sep 2010
9.02
Oct 2010
7.15
Nov 2010
5.85
Dec 2010
5.05
Jan 2011
4.82
Feb 2011
4.84
Mar 2011
5.09
Apr 2011
5.85
May 2011
6.41
Jun 2011
7.44
Jul 2011
8.87
Aug 2011
9.94
Sep 2011
10.38
Oct 2011
9.99
Nov 2011
9.06
Dec 2011
8.21
Jan 2012
7.03
Feb 2012
6.2
Mar 2012
6
Apr 2012
4.92
May 2012
4.37
Jun 2012
3.07
Jul 2012
1.61
Aug 2012
-0.27
Sep 2012
-1.42
Oct 2012
-0.99
Nov 2012
-1.35
Dec 2012
-2.01
Jan 2013
-2.54
Feb 2013
-1.53
Mar 2013
-1.48
Apr 2013
-2.9
May 2013
-3.24
Jun 2013
-2.83
Jul 2013
-2.04
Aug 2013
-0.08
Sep 2013
1.68
Oct 2013
2.7
Nov 2013
3.9
Dec 2013
5.51
Jan 2014
7.53
Feb 2014
7.69
Mar 2014
7.57
Apr 2014
8.99
May 2014
8.15
Jun 2014
6.13
Jul 2014
6.06
Aug 2014
6.14
Sep 2014
6.48
Oct 2014
6.54
Nov 2014
5.93
Dec 2014
4.96
Jan 2015
5.09
Feb 2015
5.71
Mar 2015
5.3
Apr 2015
4.81
May 2015
6.16
Jun 2015
8.48
Jul 2015
9.92
Aug 2015
9.66
Sep 2015
10.43
Oct 2015
9.83
Nov 2015
11.28
Dec 2015
12.9
Jan 2016
12.49
Feb 2016
14.47
Mar 2016
17.32
Apr 2016
19.81
May 2016
21.71
Jun 2016
23.37
Jul 2016
24.31
Aug 2016
25.75
Sep 2016
24.02
Oct 2016
22.52
Nov 2016
19.28
Dec 2016
16.99
Jan 2017
16.36
Feb 2017
14.31
Mar 2017
12.2
Apr 2017
9.71
May 2017
8.2
Jun 2017
8.07
Jul 2017
8.56
Aug 2017
9.27
Sep 2017
10.55
Oct 2017
11.99
Nov 2017
13.54
Dec 2017
15.97
Jan 2018
16.95
Feb 2018
15.79
Mar 2018
15.43
Apr 2018
15.89
May 2018
15.42
Jun 2018
13.28
Jul 2018
10.63
Aug 2018
7.64
Sep 2018
6.22
Oct 2018
4.63
Nov 2018
3.93
Dec 2018
1.41
Jan 2019
-0.02
Feb 2019
-1.11
Mar 2019
-2.1
Apr 2019
-2.81
May 2019
-4.05
Jun 2019
-4.86
Jul 2019
-6.23
Aug 2019
-6.63
Sep 2019
-7.1
Oct 2019
-6.17
Nov 2019
-5.19
Dec 2019
-4.05
Jan 2020
-3.6
Feb 2020
-2.15
Mar 2020
-0.69
Apr 2020
0.36
Source: National Bank of Canada, Teranet, Better Dwelling.
Montreal Real Estate Prices Grow Nearly Double Digits
Montreal real estate prices were up almost double digits compared to last year. The index increased 1.67% in April, and is up 9.51% from the same month last year. The region’s prices are at a new all-time high, and the annual price growth rate is starting to look like a parabolic ascent. Although it would be surprising to see that continue, considering how quickly mortgage payment deferrals are rising in Quebec.
Montreal Real Estate Price Change
The 12 month percent change of real estate prices in Montreal, according to the TNB HPI.
Month
Montreal
Jul 1999
3.66
Aug 1999
3.95
Sep 1999
4.12
Oct 1999
4.17
Nov 1999
4.69
Dec 1999
4.33
Jan 2000
4.26
Feb 2000
3.87
Mar 2000
4.32
Apr 2000
4.19
May 2000
4.47
Jun 2000
5.07
Jul 2000
5.54
Aug 2000
5.61
Sep 2000
5.75
Oct 2000
5.49
Nov 2000
5.05
Dec 2000
4.92
Jan 2001
4.94
Feb 2001
5.35
Mar 2001
5.19
Apr 2001
5.14
May 2001
5.14
Jun 2001
5.49
Jul 2001
6.03
Aug 2001
6.72
Sep 2001
6.38
Oct 2001
6.19
Nov 2001
6.08
Dec 2001
6.18
Jan 2002
6.31
Feb 2002
6.54
Mar 2002
7.38
Apr 2002
8.13
May 2002
8.44
Jun 2002
8.83
Jul 2002
9.65
Aug 2002
10.2
Sep 2002
10.84
Oct 2002
11.47
Nov 2002
12.1
Dec 2002
13.02
Jan 2003
13.11
Feb 2003
13.93
Mar 2003
13.48
Apr 2003
13.56
May 2003
13.41
Jun 2003
13.13
Jul 2003
12.01
Aug 2003
11.3
Sep 2003
11.76
Oct 2003
12.38
Nov 2003
12.23
Dec 2003
11.08
Jan 2004
11.51
Feb 2004
11.19
Mar 2004
11.91
Apr 2004
11.82
May 2004
12.68
Jun 2004
12.55
Jul 2004
12.12
Aug 2004
10.92
Sep 2004
10.13
Oct 2004
9.43
Nov 2004
9.76
Dec 2004
10.51
Jan 2005
10.14
Feb 2005
10.12
Mar 2005
9.52
Apr 2005
9.83
May 2005
8.93
Jun 2005
8.92
Jul 2005
7.33
Aug 2005
7.27
Sep 2005
7.42
Oct 2005
7.57
Nov 2005
7.41
Dec 2005
5.97
Jan 2006
5.77
Feb 2006
5.57
Mar 2006
5.98
Apr 2006
5.55
May 2006
5.68
Jun 2006
4.92
Jul 2006
8.31
Aug 2006
8.95
Sep 2006
8.29
Oct 2006
8.3
Nov 2006
8.17
Dec 2006
9.02
Jan 2007
9.55
Feb 2007
8.04
Mar 2007
7.99
Apr 2007
8.05
May 2007
9.14
Jun 2007
9.52
Jul 2007
7.1
Aug 2007
6.87
Sep 2007
8.03
Oct 2007
7.96
Nov 2007
8.07
Dec 2007
7.34
Jan 2008
7.36
Feb 2008
8.01
Mar 2008
7.17
Apr 2008
6.52
May 2008
5.76
Jun 2008
5.77
Jul 2008
5.97
Aug 2008
5.93
Sep 2008
5.54
Oct 2008
5.07
Nov 2008
4.5
Dec 2008
4.08
Jan 2009
3.78
Feb 2009
2.47
Mar 2009
2.42
Apr 2009
1.73
May 2009
2.08
Jun 2009
2.64
Jul 2009
2.78
Aug 2009
3.42
Sep 2009
2.71
Oct 2009
3.3
Nov 2009
3.57
Dec 2009
5.08
Jan 2010
5.26
Feb 2010
7.08
Mar 2010
7.49
Apr 2010
8.67
May 2010
8.34
Jun 2010
7.99
Jul 2010
8.12
Aug 2010
8.17
Sep 2010
8.58
Oct 2010
7.64
Nov 2010
6.05
Dec 2010
5.96
Jan 2011
6.22
Feb 2011
7.11
Mar 2011
6.85
Apr 2011
6.79
May 2011
6.37
Jun 2011
6.37
Jul 2011
6.12
Aug 2011
5.59
Sep 2011
5.1
Oct 2011
5.42
Nov 2011
7.22
Dec 2011
6.16
Jan 2012
5.59
Feb 2012
4.42
Mar 2012
5.11
Apr 2012
4.94
May 2012
4.5
Jun 2012
4.44
Jul 2012
4.27
Aug 2012
4.1
Sep 2012
3.82
Oct 2012
3.62
Nov 2012
2.78
Dec 2012
3.04
Jan 2013
2.6
Feb 2013
2.02
Mar 2013
1.54
Apr 2013
1.26
May 2013
1.92
Jun 2013
1.43
Jul 2013
1.09
Aug 2013
0.7
Sep 2013
0.8
Oct 2013
0.95
Nov 2013
0.81
Dec 2013
0.44
Jan 2014
2.38
Feb 2014
3.51
Mar 2014
3.05
Apr 2014
2.93
May 2014
2.01
Jun 2014
2.29
Jul 2014
2.58
Aug 2014
2.42
Sep 2014
2.29
Oct 2014
2.44
Nov 2014
2.85
Dec 2014
3.61
Jan 2015
1.87
Feb 2015
1.09
Mar 2015
1.2
Apr 2015
0.74
May 2015
1.33
Jun 2015
0.95
Jul 2015
1.19
Aug 2015
1.21
Sep 2015
1.54
Oct 2015
1.28
Nov 2015
1.96
Dec 2015
1.62
Jan 2016
0.99
Feb 2016
0.56
Mar 2016
0.87
Apr 2016
1.86
May 2016
1.51
Jun 2016
1.43
Jul 2016
1.47
Aug 2016
2.22
Sep 2016
2.32
Oct 2016
2.03
Nov 2016
1.22
Dec 2016
1.32
Jan 2017
2.32
Feb 2017
2.94
Mar 2017
2.78
Apr 2017
2.41
May 2017
2.43
Jun 2017
2.75
Jul 2017
3.06
Aug 2017
3.16
Sep 2017
3.78
Oct 2017
4.39
Nov 2017
5.21
Dec 2017
5.76
Jan 2018
5.43
Feb 2018
4.98
Mar 2018
4.27
Apr 2018
3.93
May 2018
3.64
Jun 2018
3.59
Jul 2018
4.01
Aug 2018
4.77
Sep 2018
4.85
Oct 2018
5.02
Nov 2018
4.39
Dec 2018
4.37
Jan 2019
4.46
Feb 2019
5.15
Mar 2019
5.46
Apr 2019
5.06
May 2019
5.25
Jun 2019
5.38
Jul 2019
5.8
Aug 2019
5.75
Sep 2019
6.28
Oct 2019
5.97
Nov 2019
6.37
Dec 2019
6.37
Jan 2020
6.69
Feb 2020
7.5
Mar 2020
7.54
Apr 2020
9.51
Source: National Bank of Canada, Teranet, Better Dwelling.
Calgary Real Estate Prices Are Still Down From 2014
Calgary real estate prices are still down after over half a decade. The index increased 0.20% in April, but that still places prices 0.80% lower than last year. Prices are still down 8.05% from the peak reached in October 2014. Yes, Prices haven’t recovered in over half a decade, and they appear to be getting worse.
Calgary Real Estate Price Change
The 12 month percent change of real estate prices in Calgary, according to the TNB HPI.
Month
Calgary
Feb 2000
3.1
Mar 2000
4.35
Apr 2000
4.92
May 2000
5.59
Jun 2000
5.23
Jul 2000
5.25
Aug 2000
4.78
Sep 2000
4.72
Oct 2000
4.33
Nov 2000
4.35
Dec 2000
4.72
Jan 2001
5.12
Feb 2001
5.03
Mar 2001
4.57
Apr 2001
4
May 2001
3.63
Jun 2001
3.8
Jul 2001
3.79
Aug 2001
4.58
Sep 2001
4.77
Oct 2001
5.61
Nov 2001
5.37
Dec 2001
5.42
Jan 2002
4.94
Feb 2002
5.42
Mar 2002
5.92
Apr 2002
6.97
May 2002
7.53
Jun 2002
8.01
Jul 2002
8.11
Aug 2002
8.08
Sep 2002
8.36
Oct 2002
8.75
Nov 2002
9.05
Dec 2002
9.21
Jan 2003
9.15
Feb 2003
8.94
Mar 2003
8.46
Apr 2003
7.84
May 2003
7.54
Jun 2003
7.05
Jul 2003
6.91
Aug 2003
6.67
Sep 2003
6.27
Oct 2003
5.89
Nov 2003
5.72
Dec 2003
5.63
Jan 2004
5.29
Feb 2004
5.35
Mar 2004
5.66
Apr 2004
5.95
May 2004
5.77
Jun 2004
5.85
Jul 2004
5.79
Aug 2004
5.81
Sep 2004
5.7
Oct 2004
5.87
Nov 2004
6.3
Dec 2004
6.64
Jan 2005
6.47
Feb 2005
6.36
Mar 2005
5.96
Apr 2005
6.69
May 2005
7.55
Jun 2005
7.48
Jul 2005
7.42
Aug 2005
9.64
Sep 2005
9.99
Oct 2005
10.21
Nov 2005
10.41
Dec 2005
10.79
Jan 2006
12.77
Feb 2006
14.96
Mar 2006
18.6
Apr 2006
21.55
May 2006
25.83
Jun 2006
30.75
Jul 2006
35.18
Aug 2006
38.6
Sep 2006
41.97
Oct 2006
43.96
Nov 2006
44.49
Dec 2006
43.91
Jan 2007
38.12
Feb 2007
34.51
Mar 2007
30.99
Apr 2007
32.15
May 2007
29.61
Jun 2007
27.89
Jul 2007
26.33
Aug 2007
21.74
Sep 2007
18.33
Oct 2007
15.15
Nov 2007
13.14
Dec 2007
11.62
Jan 2008
12.85
Feb 2008
12.12
Mar 2008
10.63
Apr 2008
6.17
May 2008
3.64
Jun 2008
0.87
Jul 2008
-2
Aug 2008
-4.53
Sep 2008
-6.57
Oct 2008
-7.14
Nov 2008
-7.4
Dec 2008
-7.69
Jan 2009
-8.53
Feb 2009
-7.9
Mar 2009
-8.57
Apr 2009
-9.65
May 2009
-12.04
Jun 2009
-12.44
Jul 2009
-11.19
Aug 2009
-8.69
Sep 2009
-5.88
Oct 2009
-4.5
Nov 2009
-2.81
Dec 2009
-0.17
Jan 2010
2.06
Feb 2010
1.75
Mar 2010
2.32
Apr 2010
3.34
May 2010
6.92
Jun 2010
7.55
Jul 2010
7.05
Aug 2010
4.82
Sep 2010
1.46
Oct 2010
0.05
Nov 2010
-1.34
Dec 2010
-2.69
Jan 2011
-3.67
Feb 2011
-3.55
Mar 2011
-3.27
Apr 2011
-3.2
May 2011
-3.76
Jun 2011
-2.38
Jul 2011
-0.5
Aug 2011
0.83
Sep 2011
2.24
Oct 2011
1.74
Nov 2011
0.54
Dec 2011
0.91
Jan 2012
1.56
Feb 2012
1.28
Mar 2012
0.9
Apr 2012
1.88
May 2012
3.45
Jun 2012
3.42
Jul 2012
1.14
Aug 2012
0.85
Sep 2012
2.2
Oct 2012
3.52
Nov 2012
5.72
Dec 2012
4.06
Jan 2013
4.29
Feb 2013
3.62
Mar 2013
5.71
Apr 2013
5.51
May 2013
5.84
Jun 2013
5.52
Jul 2013
5.88
Aug 2013
6.5
Sep 2013
5.55
Oct 2013
6.66
Nov 2013
5.92
Dec 2013
6.51
Jan 2014
7.09
Feb 2014
9.63
Mar 2014
9.68
Apr 2014
10.01
May 2014
8.66
Jun 2014
8.08
Jul 2014
8.15
Aug 2014
7.87
Sep 2014
9.46
Oct 2014
9.07
Nov 2014
9.17
Dec 2014
8.34
Jan 2015
7.11
Feb 2015
5.6
Mar 2015
4.37
Apr 2015
3.04
May 2015
-1.35
Jun 2015
0.19
Jul 2015
-2.3
Aug 2015
0.7
Sep 2015
0.3
Oct 2015
-0.98
Nov 2015
-2.03
Dec 2015
-2.63
Jan 2016
-2.65
Feb 2016
-3.26
Mar 2016
-3.7
Apr 2016
-3.73
May 2016
-0.22
Jun 2016
-2.41
Jul 2016
-0.58
Aug 2016
-4.48
Sep 2016
-4.87
Oct 2016
-3.61
Nov 2016
-1.74
Dec 2016
0.57
Jan 2017
1.37
Feb 2017
1
Mar 2017
1.01
Apr 2017
1.09
May 2017
1.28
Jun 2017
1.36
Jul 2017
1.85
Aug 2017
2.16
Sep 2017
2.58
Oct 2017
1.79
Nov 2017
1.82
Dec 2017
0.53
Jan 2018
0.13
Feb 2018
0.61
Mar 2018
0.42
Apr 2018
0.15
May 2018
0.06
Jun 2018
0.33
Jul 2018
-0.11
Aug 2018
-0.47
Sep 2018
-1.29
Oct 2018
-1.38
Nov 2018
-2.7
Dec 2018
-2.64
Jan 2019
-2.77
Feb 2019
-2.71
Mar 2019
-2.79
Apr 2019
-3.11
May 2019
-3.16
Jun 2019
-3.75
Jul 2019
-3.06
Aug 2019
-2.26
Sep 2019
-1.93
Oct 2019
-1.7
Nov 2019
-0.9
Dec 2019
-0.94
Jan 2020
-1.59
Feb 2020
-1.7
Mar 2020
-1.31
Apr 2020
-0.8
Source: National Bank of Canada, Teranet, Better Dwelling.
Overall the numbers looked strong, but there should be a little skepticism going forward. The report adds that high unemployment levels could mean homeowners are “unable to meet mortgages payments.” This could spark a flood of inventory, which in their opinion “could mean downward pressure on house prices.”
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