{"id":12301,"date":"2019-04-26T07:55:59","date_gmt":"2019-04-26T14:55:59","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=12301"},"modified":"2019-04-26T08:06:28","modified_gmt":"2019-04-26T15:06:28","slug":"the-teranet-national-bank-hpi-declined-for-6th-consecutive-month","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/04\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\/","title":{"rendered":"The Teranet-National Bank HPI Declined for 6th Consecutive Month"},"content":{"rendered":"<p style=\"text-align: justify;\">In March the Teranet\u2013National Bank National Composite House Price IndexTM was down 0.3% from the previous month. Apart from the recession year 2009, it was the first March decline in the 20 years of index history. It was also the sixth consecutive monthly decline, for a cumulative drop of 1.7%. Indexes were down on the month for seven of the 11 metropolitan markets surveyed \u2013 Ottawa-Gatineau (\u22121.5%), Victoria (\u22121.1%), Vancouver (\u22120.5%), Calgary (\u22120.5%), Toronto (\u22120.3%), Winnipeg (\u22120.3%) and Hamilton (\u22120.1%). Four markets were up : Halifax (0.8%), Quebec City (0.5%), Edmonton (0.4%) and Montreal (0.1%).<\/p>\n<p style=\"text-align: justify;\">Most of the markets in the composite index have been trending down for months. For Calgary it was the ninth straight month without a rise (cumulative decline 3.7%), for Vancouver the eighth (cumulative \u22124.3%), for Victoria the sixth (\u22123.5%). The March rise of the Edmonton index had been preceded by six consecutive months without a rise (cumulative \u22123.2% over the seven months). Indexes for Winnipeg, Hamilton and Ottawa-Gatineau each retreated in all but one of the last six months (cumulative \u22122.2%, \u22122.4% and 2.3% respectively). The Toronto index has fallen in five of the last seven months (cumulative \u22120.2%). These markets are all in striking contrast with Montreal, which has declined in only one of the last 12 months (cumulative +5.5%). The Halifax index has advanced in each of the last five months (cumulative +2.0%).<\/p>\n<p>Teranet-National Bank National Composite House Price Index\u2122<br \/>\n<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/04\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\/teranet-national-bank-hpi-2\/\" rel=\"attachment wp-att-12302\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-12302\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/04\/teranet-national-bank-HPI-288x195.gif\" alt=\"\" width=\"600\" height=\"406\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/04\/teranet-national-bank-HPI-288x195.gif 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/04\/teranet-national-bank-HPI-768x521.gif 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><br \/>\nDespite the recent downtrends, only two markets are down from a year earlier \u2013 Calgary (\u22122.8%) and Vancouver (\u22122.1%). For Edmonton the 12-month gain was 0.1%, for Winnipeg 0.5%, for Victoria 0.7%, for Halifax 3.0%, for Hamilton 3.2%, for Toronto 3.3%, for Quebec City 3.9%, for Ottawa-Gatineau 5.2%, for Montreal 5.5%. The composite index was up 1.5% from a year earlier.<\/p>\n<p style=\"text-align: justify;\">Besides the Toronto and Hamilton indexes included in the composite, indexes exist for seven other urban areas of the Golden Horseshoe. They are trending down like the indexes for Toronto, Hamilton and Ottawa-Gatineau. Guelph is down 0.4% from six months earlier, Kitchener \u22120.5%, Peterborough \u22120.8%, Oshawa \u22120.9%, St. Catharines \u22122.3% and Brantford \u22122.4%. The index for Barrie is up a marginal 0.1%.<\/p>\n<p style=\"text-align: justify;\">Indexes not included in the composite index also exist for seven markets outside the Golden Horseshoe, five in Ontario and two in B.C. In March, four of these were down from six months earlier \u2013 Kelowna (\u22124.8%), Abbotsford-Mission (\u22123.8%), Sudbury (\u22122.8%) and Thunder Bay (\u22122.4%). The index for Kingston was flat. Windsor was up 1.8% from six months earlier, London 1.9%.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/housepriceindex.ca\/2019\/04\/march2019\/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> for the full report including historical data.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/housepriceindex.ca\/2019\/04\/march2019\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Composite Index Down for a Sixth Month in a Row in March<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March the Teranet\u2013National Bank National Composite House Price IndexTM was down 0.3% from the previous month. Apart from the recession year 2009, it was the first March decline in &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/04\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\/\">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-12301","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Teranet-National Bank HPI Declined for 6th Consecutive Month &#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\/04\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Teranet-National Bank HPI Declined for 6th Consecutive Month &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"In March the Teranet\u2013National Bank National Composite House Price IndexTM was down 0.3% from the previous month. Apart from the recession year 2009, it was the first March decline in &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/04\/teranet-national-bank-HPI.gif\" \/>\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\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"The Teranet-National Bank HPI Declined for 6th Consecutive Month\",\"datePublished\":\"2019-04-26T14:55:59+00:00\",\"dateModified\":\"2019-04-26T15:06:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/\"},\"wordCount\":398,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/teranet-national-bank-HPI-288x195.gif\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/04\\\/the-teranet-national-bank-hpi-declined-for-6th-consecutive-month\\\/\",\"name\":\"The Teranet-National Bank HPI Declined for 6th Consecutive Month &#8226; 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