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July 18, 2019TERANET-NATIONAL BANK HOUSE PRICE INDEX, JUNE 2019
In June, Halifax home prices as measured by the Teranet-National Bank House Price Index increased 1.5 per cent compared to the previous month. The Halifax price level was up 2.7 per cent compared to June 2018.
Monthly resale home prices increased 0.8 per cent for the 11-city composite of the Teranet-National Bank House Price Index, after a 0.5 per cent increase in May.
Higher housing prices were reported in June for 9 of 11 cities, with the largest monthly increases in Ottawa-Gatineau (2.2 per cent), Victoria (2.1 per cent) and Hamilton (1.6 per cent). Monthly declines were reported for Vancouver (-0.3 per cent) and Calgary (-0.1 per cent).
National year-over-year price growth was 0.5 per cent in June. Home price inflation has slowed considerably from the pace observed in 2017, reaching its lowest level since October 2009. Halifax year-over-year price growth increased to 2.7 per cent in June.
Year to date, Halifax home prices were up 2.0 per cent, while the National index increased 1.3 per cent over the same period in 2018. Prices were up in 7 of the 11 metropolitan markets, with the largest increase in Ottawa-Gatineau (6.0 per cent). Price declines have occurred in Calgary (-3.0 per cent), Vancouver (-2.5 per cent), Edmonton (-1.3 per cent) and Winnipeg (-0.1 per cent).
Source: Teranet National-Bank
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