{"id":19816,"date":"2022-04-27T10:10:00","date_gmt":"2022-04-27T17:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=19816"},"modified":"2022-04-20T09:20:13","modified_gmt":"2022-04-20T16:20:13","slug":"home-prices-up-31-2-in-2-years-of-pandemic-still-rising","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/04\/home-prices-up-31-2-in-2-years-of-pandemic-still-rising\/","title":{"rendered":"Home Prices Up 31.2% in 2 Years of Pandemic &#038; Still Rising"},"content":{"rendered":"<p style=\"text-align: justify;\">YEAR-OVER-YEAR<\/p>\n<p style=\"text-align: justify;\">The Teranet\u2013National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, reported a 18.4% annual gain in March, matching the record growth seen in August 2021. Halifax, Hamilton, and Victoria reported the highest year-over-year gains among the 11 CMAs in February. Halifax, Hamilton, Victoria and Toronto recorded the largest year-over-year increases among the eleven CMAs in March. Halifax led the way with a 34.7% year-over-year price increase, followed by Hamilton with a 28.5% gain, Victoria with a 22.8% increase and Toronto with a 22.3% increase. As for the other 20 CMAs not included in the composite index, positive annual gains were observed in each of them, ranging from 28.0% in Lethbridge to 37.5% in Abbotsford-Mission.<\/p>\n<p style=\"text-align: justify;\">MONTH-OVER-MONTH<\/p>\n<p style=\"text-align: justify;\">Before seasonal adjustment, the Teranet\u2013National Bank National Composite House Price IndexTM increased 2.1% from February to March, up from the 1.5% growth observed last month.<\/p>\n<p style=\"text-align: justify;\">After seasonal adjustment, the Teranet\u2013National Bank National Composite House Price IndexTM increased 2.0% from February to March, the second-highest monthly increase on record after the May 2021 increase of 2.2%. In March, 10 of the 11 CMAs included in the index experienced increases, with Quebec City being the exception. Home price growth was the strongest during the month in Halifax, Hamilton, and Toronto, with gains of 5.4%, 3.3% and 2.7% respectively. For the other CMAs not included in the composite index, growth was observed in 19 of the 20 CMAs, with Trois-Rivi\u00e8res being the sole exception. The strongest monthly growth was observed in Guelph (+5.1%), Oshawa (+4.6%), Peterborough (+4.1%) and Abbotsford-Mission (+4.0%).<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/housepriceindex.ca\/2022\/04\/march2022\/\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full report.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/housepriceindex.ca\/2022\/04\/home-prices-up-31-2-in-two-years-of-pandemic-and-still-rising\/\" target=\"_blank\" rel=\"noopener\">Teranet-National Bank HPI Reports 18.4% Annual Home Price Increase in March<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>YEAR-OVER-YEAR The Teranet\u2013National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, reported a 18.4% annual gain in March, matching the record growth seen in August 2021. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/04\/home-prices-up-31-2-in-2-years-of-pandemic-still-rising\/\">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-19816","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Prices Up 31.2% in 2 Years of Pandemic &amp; 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