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March 17, 2022TERANET-NATIONAL BANK HOUSE PRICE INDEX, FEBRUARY 2022 
Halifax home prices, as measured by the Teranet-National Bank House Price Index (seasonally adjusted), grew 2.6% month-over-month in February 2022. Home prices in Halifax were 32.6% higher when compared to February 2021. Halifax posted the largest year-over-year gain in resale home prices among the cities included in the national index.
Looking at the 11-city composite on the Teranet-National Bank House Price Index (seasonally adjusted), monthly resale home prices increased 1.7% from the previous month.
Monthly home prices were up in all markets led by Hamilton (+4.0%) and Halifax (+2.6%). Quebec (+0.3%) and Calgary (+0.5%) posted the smallest gain in February 2022.
Nationally, resale home prices (seasonally adjusted) were up 17.7% in February 2022 from a year earlier. Halifax (+32.6%) posted the 22nd consecutive month of double-digit year-over-year gains and continued to lead the 11 cities index.
Following Halifax, the highest year-over-year gains were recorded in Hamilton (+27.8%) and Victoria (+22.5%) while the slowest gain was recorded in Edmonton (+5.1%).
Comparing the January-February 2022 period with the same period in 2021, Halifax home prices have averaged 32.2% higher, posting the highest year-to-date gain among the indexes.
Nationally, home prices were up 17.2% in January-February 2022. After Halifax, Hamilton (+26.6%) and Victoria (+21.6%) posted the highest gains while the smallest increase was in Edmonton (+5.0%).
Source: Teranet-National Bank
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