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January 19, 2022TERANET-NATIONAL BANK HOUSE PRICE INDEX, DECEMBER & ANNUAL 2021 
Halifax home prices, as measured by the Teranet-National Bank House Price Index, grew 1.9% month-over-month in December 2021. Home prices in Halifax were 30.7% higher when compared to December 2020. 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, monthly resale home prices increased 0.8% from the previous month.
Monthly home prices were up in eight markets led by Victoria (+2.1%) and Halifax (+1.9%). Edmonton (-0.4%) posted the largest decline in December.
Nationally, resale home prices were up 15.5% in December from a year earlier. Halifax (+30.7%) posted the 20th 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 (+25.4%) and Victoria (+19.7%) while the slowest gain was recorded in Edmonton (+4.3%).
ANNUAL 2021
Halifax resale home prices increased 28.0% in 2021 and led the annual growth among the 11-city composite index. This was the second consecutive year of double-digit gains and an all-time high growth record for Halifax since the data collection began in 1990.
Nationally, house prices increased 14.4% compared with 2020, recording an all-time high growth record since the start of the composite index in 1999. Annual price growth was at an all-time high in Halifax, Hamilton, Montreal in 2021.
Following a decline in 2016, Halifax resale home prices have been posting growth over the last five years. Resale home prices in Halifax were up 2.2% in 2017, 3.7% in 2018, 4.1% in 2019, 10.9% in 2020 and 28.0% in 2021. 
Source: Teranet-National Bank