MONTH-OVER-MONTH
After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, rose by 0.2% from January to February, the first increase after four consecutive monthly decreases. In February, five of the 11 CMAs included in the index recorded growth: Calgary (+1.6%), Victoria (+1.4%), Ottawa-Gatineau (+1.2%), Toronto (+0.7%) and Winnipeg (+0.1%). Conversely, there were decreases in Halifax (-1.7%), Vancouver (-0.8%), Montreal (-0.3%), Edmonton (-0.3%), Hamilton (-0.1%) and Quebec (-0.1%). On the other hand, increases were recorded in 11 of the 20 CMAs not included in the composite index for which data are available in February. The strongest monthly increases were seen in Trois-Rivières (+7.6%), Sudbury (+7.0%) and Barrie (+4.6% after a 7.9% fall the previous month). Conversely, the biggest falls were in Kingston (-8.1% after an increase of 11.7% the previous month) and Kelowna (-3.0%).
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