{"id":158,"date":"2015-11-16T10:13:06","date_gmt":"2015-11-16T18:13:06","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=158"},"modified":"2015-11-16T10:14:35","modified_gmt":"2015-11-16T18:14:35","slug":"teranet-5-of-canadas-biggest-markets-see-home-prices-rise-in-october","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2015\/11\/teranet-5-of-canadas-biggest-markets-see-home-prices-rise-in-october\/","title":{"rendered":"Teranet : 5 of Canada\u2019s Biggest Markets See Home Prices Rise in October"},"content":{"rendered":"<p style=\"text-align: justify;\">Canadian home prices ticked upwards in October, according to the Teranet-National Bank National Composite House Price Index of 11 major markets.<\/p>\n<p style=\"text-align: justify;\">Nationally, the index climbed 0.1% from September and was in line with the historical average for October, marking the 10th consecutive month of increases.<\/p>\n<p style=\"text-align: justify;\">On a local level, Winnipeg came out ahead with prices in October that were 1.9% higher than they were the month before, according to Teranet, a leading real estate analytics firm.<\/p>\n<p style=\"text-align: justify;\">Vancouver recorded a 0.6% index increase, while Toronto and Victoria prices were up 0.3%. Edmonton rounded out major markets that saw index increases with prices that nudged up 0.2%. That put an end to a four-month period in which Edmonton prices did not increase.<\/p>\n<p style=\"text-align: justify;\">For Vancouver and Toronto, the index increases were part of a larger trend, said Teranet.Vancouver has now seen the index increase for 10 straight months, while Toronto\u2019s index rose for the eighth consecutive month.<\/p>\n<p style=\"text-align: justify;\">Teranet said this is \u201ca trend consistent with the seller\u2019s-market conditions prevailing in those two markets, as measured by the ratio of listings to sales.\u201d<\/p>\n<p style=\"text-align: justify;\">To calculate price changes, the Teranet-National Bank index only tracks properties that have been sold multiple times, with observed or registered home prices forming the basis of the index\u2019s findings.<\/p>\n<p style=\"text-align: justify;\">To ensure the index accurately reflects the market, some properties \u2014 such as those that have been rezoned, were sold between family members, or have a disproportionately high turnover rate \u2014 are excluded.<\/p>\n<p style=\"text-align: justify;\">Among the six markets Teranet tracked that saw index declines, Halifax was hit hardest with October prices falling 1.7% from September. Meanwhile, Calgary, likely still reeling from lower oil prices, saw its index drop off by 0.8%, month-over-month.<\/p>\n<p style=\"text-align: justify;\">The index was down by 0.2 month-over-month in Quebec, 0.3% in Montreal and Hamilton and o.6% in Ottawa-Gatineau.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/news.buzzbuzzhome.com\/2015\/11\/five-canadas-biggest-markets-home-prices-rise.html\" target=\"_blank\">Teranet : 5 of Canada\u2019s Biggest Markets See Home Prices Rise in October<\/a> by Josh Sherman | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian home prices ticked upwards in October, according to the Teranet-National Bank National Composite House Price Index of 11 major markets. Nationally, the index climbed 0.1% from September and was &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2015\/11\/teranet-5-of-canadas-biggest-markets-see-home-prices-rise-in-october\/\">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-158","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>Teranet : 5 of Canada\u2019s Biggest Markets See Home Prices Rise in October &#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\/2015\/11\/teranet-5-of-canadas-biggest-markets-see-home-prices-rise-in-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Teranet : 5 of Canada\u2019s Biggest Markets See Home Prices Rise in October &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Canadian home prices ticked upwards in October, according to the Teranet-National Bank National Composite House Price Index of 11 major markets. 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