Better Dwelling: Canadian Real Estate Makes Largest February Price Decline Outside Of Recession

Canadian real estate is off to a cool start. The Teranet–National Bank of Canada House Price Index (Teranet HPI) shows a new record was set in February. The record, wasn’t a great one though – it was for price declines. Canada’s biggest markets made the largest monthly decline outside of a recession. The Teranet HPI is a home prices index, that captures movements in home prices for resales. The index was created and run by Teranet, the country’s largest land registry operator, and National Bank of Canada. It’s kind of like the CREA HPI (benchmarks), but rely on a different data source – so they give different results. The difference is largely due to the time of measurement. Read More....


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988