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April 20, 2020TERANET-NATIONAL BANK HOUSE PRICE INDEX, MARCH 2020 
In March, Halifax home prices as measured by the Teranet-National Bank House Price Index increased 0.1 per cent compared to the previous month. Year-over-year, Halifax house prices were up 6.3 per cent compared to March 2019.
Monthly resale home prices were up 0.6 per cent for the 11-city composite of the Teranet-National Bank House Price Index compared to February 2020. Higher housing prices were reported for 8 of 11 cities in February, with the largest monthly increases in Ottawa-Gatineau (+1.1 per cent), Vancouver (+1.0 per cent) and Toronto (+0.9 per cent). The monthly house price decline was observed in Winnipeg (-0.8 per cent), Edmonton(-0.6 per cent) and Calgary (-0.1 per cent).
National year-over-year price growth increased to 3.8 per cent in March. Home price inflation has slowed considerably from the pace observed in 2017. Year-over-year price growth in Halifax decelerated to 6.3 per cent after 7.0 per cent in February.
Year-over-year prices were positive in 7 of the 11 major metropolitan markets, with the largest increases in Ottawa-Gatineau (+11.6 per cent), followed Hamilton (+8.5 per cent) and Montreal (+7.5 per cent). Price declines were reported for Edmonton (-2.7 per cent), Calgary (-1.3 per cent), Vancouver (-0.7 per cent) and Quebec (-0.7 per cent).
Source: Teranet National-Bank
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