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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

October 20, 2020
TERANET-NATIONAL BANK HOUSE PRICE INDEX, SEPTEMBER 2020

In September 2020, Halifax home prices as measured by the Teranet-National Bank House Price Index increased 1.0 per cent from the previous month. Compared to a year earlier, home prices were up 12.2 per cent in Halifax.

Looking at the 11-city composite of the Teranet-National Bank House Price Index, monthly resale home prices increased 1.1 per cent month-over-month in September. Monthly home prices were up in all markets, led by the gains recorded in Ottawa-Gatineau (+2.3%), Quebec (+2.2%), Montreal (+1.9%), Hamilton (1.9%), and Edmonton (+1.6%). The index for Calgary reported smallest gain (+0.1%).

Nationally, house prices increased 6.7 per cent year-over-year in September, following a 5.7 per cent gain recorded in the previous month. Halifax (+12.2%) recorded the second largest annual gain among the 11-city composite index, just behind Ottawa-Gatineau (+14.3%). Compared to September 2019, home prices were down in Edmonton (-0.8%) and Calgary (-2.6%).

 

Nationally, house prices increased 4.9 per cent year-to-date (Jan-Sep 2020 vs Jan-Sep 2019). Halifax (+9.6%) recorded the second largest year-to-date gain among the 11-city composite index, just behind Ottawa-Gatineau (+11.9%). Compared to Jan-Sep 2019, home prices were down in Edmonton (-2.0%) and Calgary (-1.7%).

Source: Teranet-National Bank



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