{"id":11691,"date":"2019-02-18T10:10:29","date_gmt":"2019-02-18T18:10:29","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=11691"},"modified":"2019-02-13T09:41:02","modified_gmt":"2019-02-13T17:41:02","slug":"teranet-national-bank-national-hpi-weakness-concentrated-in-the-west","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/02\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\/","title":{"rendered":"Teranet\u2013National Bank National HPI : Weakness Concentrated in The West"},"content":{"rendered":"<p style=\"text-align: justify;\">In January the Teranet\u2013National Bank National Composite House Price IndexTM was down 0.1% from the previous month.[1] It was the fifth consecutive month without a rise, the longest such run since March 2013, and was notable for marked retreats in the three largest markets of Western Canada: Edmonton (\u22120.8%), Calgary (\u22120.5%) and Vancouver (\u22120.3%). The index for Ottawa-Gatineau was also down (\u22120.3%). Indexes for Victoria and Hamilton were flat. There were monthly rises for Quebec City (+1.3%), Halifax (+0.7%), Montreal (+0.2%), Toronto (+0.1%) and Winnipeg (+0.1%).<\/p>\n<p style=\"text-align: justify;\">Those three westernmost markets have been trending down markedly for months now. For Calgary it was a seventh month without a gain (cumulative decline -2.4%), for Vancouver the sixth (\u22123.2%), for Edmonton the fifth (\u22123.5%). There were smaller cumulative declines, after four months with no rises, in Victoria (\u22120.5%) and Hamilton (\u22121.0%). For Montreal, on the other hand, the index was up for the ninth time in 10 months for a cumulative 5.0% gain. Montreal and Quebec City were the only indexes at an all-time high in January.<\/p>\n<p style=\"text-align: justify;\"><strong>Teranet-National Bank National Composite House Price Index\u2122<\/strong><br \/>\n<a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=11692\" rel=\"attachment wp-att-11692\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-11692\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/02\/Teranet-J-288x188.jpg\" alt=\"\" width=\"601\" height=\"393\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/02\/Teranet-J-288x188.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/02\/Teranet-J.jpg 904w\" sizes=\"auto, (max-width: 601px) 100vw, 601px\" \/><\/a><br \/>\nThe softness of the three largest markets of the West was also apparent in the changes from a year earlier \u2013Calgary down 2.8%, Edmonton down 2.4%, Vancouver flat. The eight other markets in the composite index were up from a year earlier \u2013 Winnipeg 0.7%, Halifax 1.7%, Quebec City 3.1%, Toronto 3.6%, Montreal 4.5%, Hamilton 4.6%, Victoria 4.9%, Ottawa-Gatineau 6.0%. For the composite index the 12-month rise was 2.2%.<\/p>\n<p style=\"text-align: justify;\">Besides the Toronto and Hamilton indexes included in the composite index, indexes exist for the seven other urban areas of the Golden Horseshoe. In January, they were up from the previous month for Peterborough (0.7%), Brantford (0.4%), Oshawa (0.1%) and Kitchener (0.1%), flat for Barrie, and down for Guelph (\u22120.2%) and St. Catharines (\u22120.6%). From August 2018, all seven indexes were down or at best flat : Peterborough \u22124.1%, Brantford \u22123.6%, Barrie \u22122.1%, Oshawa \u22122.0%, Guelph \u22121.3%, Kitchener \u22120.2%, St. Catharines flat.<\/p>\n<p style=\"text-align: justify;\">Indexes not included in the composite index also exist for seven markets outside the Golden Horseshoe, five of them in Ontario and two in BC In January, indexes declined for Abbotsford-Mission (\u22120.2%), Thunder Bay (\u22120.3%), Windsor (\u22120.4%) and Kelowna (\u22121.3%) and rose for London (0.3%), Sudbury (1.0%) and Kingston (1.8%). From last August, indexes were down for Abbotsford-Mission (\u22121.9%), Kelowna (\u22123.2%) and Thunder Bay (\u22125,6 %), essentially flat for Sudbury, and up for London (+2.3%), Windsor (+2.5%) and Kingston (+2.6%).<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/housepriceindex.ca\/2019\/02\/january2019\/\">Click here<\/a> for the full report including historical data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January the Teranet\u2013National Bank National Composite House Price IndexTM was down 0.1% from the previous month.[1] It was the fifth consecutive month without a rise, the longest such run &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/02\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-11691","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Teranet\u2013National Bank National HPI : Weakness Concentrated in The West &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/02\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Teranet\u2013National Bank National HPI : Weakness Concentrated in The West &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"In January the Teranet\u2013National Bank National Composite House Price IndexTM was down 0.1% from the previous month.[1] It was the fifth consecutive month without a rise, the longest such run &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/02\/Teranet-J.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Teranet\u2013National Bank National HPI : Weakness Concentrated in The West\",\"datePublished\":\"2019-02-18T18:10:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/\"},\"wordCount\":375,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/02\\\/Teranet-J-288x188.jpg\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/02\\\/teranet-national-bank-national-hpi-weakness-concentrated-in-the-west\\\/\",\"name\":\"Teranet\u2013National Bank National HPI : Weakness Concentrated in The West &#8226; 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