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November 15, 2018TERANET-NATIONAL BANK HOUSE PRICE INDEX, OCTOBER 2018 
In October, Halifax home prices as measured by the Teranet-National Bank House Price Index declined 1.0 per cent compared to the previous month. The Halifax price level was up 2.4 per cent over October 2017.
National year-over-year price growth was 2.8 per cent in October. National year over year price growth has slowed considerably since the time period June 2016 to September 2017 where price growth was over 10 per cent. Year over year growth has been below five per cent since May 2018.
National resale home prices measured by the Teranet-National Bank House Price Index were down 0.4 per cent month-to-month, with all cities except Montreal reporting declines.
Year-over-year, resale home prices are up 2.8 per cent for the 11-city composite of the Teranet-National Bank House Price Index, with 8 of the 11 cities reporting higher housing prices compared to one year ago. The largest increases were reported in Victoria, Montreal and Ottawa-Gatineau, while Calgary, Edmonton and Quebec reported declines.
Comparing the first 10 months of 2018 with the same period last year, resale home prices were up 4.3 per cent for both the Halifax index and the 11-city composite of the Teranet-National Bank House Price Index. The strongest gains were reported in Vancouver and Victoria, followed by Montreal and Ottawa-Gatineau.
Source: Teranet National-Bank
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