Canada August Teranet house price index +5.7% y/y vs +5.5% prior

House price index from Teranet and National Bank

• Prior was +5.5% y/y
• Index at 240.43 vs 239.01 prior
• Index up 0.6% m/m

The 12-month gain was led by Ottawa-Gatineau (12.6%), Halifax (11.1%), Montreal (10.1%), Hamilton (8.4%) and Toronto (7.3%). Lagging the countrywide average were Victoria (3.3%), Winnipeg (3.3%), Vancouver (3.2%) and Quebec City (2.4%). Down from 12 months earlier were Edmonton (−2.4%) and Calgary (−2.5%).