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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

May 20, 2020
TERANET-NATIONAL BANK HOUSE PRICE INDEX, APRIL 2020

In April, Halifax home prices as measured by the Teranet-National Bank House Price Index increased 1.8 per cent compared to the previous month. Year-over-year, Halifax house prices were up 9.5 per cent compared to April 2019.

Monthly resale home prices were up 1.3 per cent for the 11-city composite of the Teranet-National Bank House Price Index compared to March 2020. All 11 cities included in the composite reported higher or unchanged housing prices, led by Ottawa-Gatineau (2.4%), Toronto (2.0%), and Halifax (1.8%). Housing prices were almost flat in Quebec City (0.3%), Calgary (0.2%) and Edmonton (0%).

National year-over-year price growth increased to 5.3 per cent in April 2020, posting the ninth consecutive acceleration of the 12-month gain to its strongest since May 2018. Year-over-year price growth in Halifax accelerated to 9.5 per cent following a 6.3 per cent increase in March 2020.

Year-over-year housing price increases were reported in 8 of the 11 major metropolitan markets, with the largest increase in Ottawa-Gatineau (+13.2%), followed by Montreal (+9.5%) and Halifax (+9.5%). Housing prices were unchanged in Quebec, while price declines were reported for Calgary (−0.8%) and Edmonton (−2.8%).

 

 

 Source: Teranet National-Bank



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