New statistics show how home price growth is still accelerating
On a month-on-month basis, Toronto (2.4%), Victoria (2.2%), and Hamilton (1.9%) reported the largest increases.
Most of the Composite 11 markets index hit record highs in January, but some were below their 2021 peaks, including Quebec City, Thunder Bay, Peterborough, Ottawa-Gatineau, Belleville, St. John’s, Moncton, St. John’s and Lethbridge. Edmonton’s peak on the index was in 2007.
The Terranet-National Bank National Composite House Price Index tracks price growth in June 2005 relative to a base price of 100. Its nationwide reading of 292 means that prices were 292% higher in January 2022 than in June 2005.