{"id":20942,"date":"2022-11-30T10:10:00","date_gmt":"2022-11-30T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=20942"},"modified":"2022-11-18T08:29:55","modified_gmt":"2022-11-18T16:29:55","slug":"teranet-national-bank-hpi-another-price-decrease-in-october","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/11\/teranet-national-bank-hpi-another-price-decrease-in-october\/","title":{"rendered":"Teranet-National Bank HPI Another Price Decrease in October"},"content":{"rendered":"<p><strong>Month-Over-Month<\/strong><\/p>\n<p style=\"text-align: justify;\">Before seasonal adjustment, the Teranet\u2013National Bank National Composite House Price IndexTM fell 0.8% from September to October, a smaller decline than the 3.1% drop last month.<\/p>\n<p style=\"text-align: justify;\">After seasonal adjustment, the Teranet\u2013National Bank National Composite House Price IndexTM decreased by 0.8% from September to October, the fourth consecutive monthly decline, but a smaller decrease than the 1.9% observed in September. In October, 9 of the 11 CMAs included in the index experienced contractions, while prices were up in Calgary (+1.8%) and Edmonton (+2.0%). The largest price declines were in Halifax (-4.7%), Hamilton (-2.8%) and Winnipeg (-2.4%). For the remaining CMAs not included in the composite index, a decrease was observed in 13 of the 20 CMAs. The largest monthly decreases were observed in Belleville (-6.6%), Brantford (-6.5%), St. Catharines (-4.9%) and Abbotsford-Mission (-3.3%). Conversely, notable increases were observed in Peterborough (+5.6% after a decrease of 11.7% the previous month), Saint John (+3.4%) and Lethbridge (+2.3%).<\/p>\n<p style=\"text-align: justify;\"><strong>Year-Over-Year<\/strong><\/p>\n<p style=\"text-align: justify;\">The Teranet\u2013National Bank National Composite House Price IndexTM, covering eleven CMAs around the country, recorded an annual gain of 4.9% in October, the sixth consecutive month of lower growth than the previous month. Increases were seen in all eleven cities in the composite index in October. Calgary led the way with a 16.2% year-over-year price increase, followed by Quebec City with an 8.6% gain and Montreal with an 8.4% increase. As for the other 20 CMAs not included in the composite index, positive annual gains were observed in 16 of them. The strongest growth was recorded in Trois-Rivi\u00e8res (+31.1%) and Saint John (+21.0%), while the largest declines were in Belleville (-5.3%), Peterborough (-2.3%) and Brantford (-2.3%).<\/p>\n<p style=\"text-align: justify;\">\n<a href=\"https:\/\/housepriceindex.ca\/2022\/11\/october2022\/\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the full report.<\/p>\n<p><a href=\"https:\/\/housepriceindex.ca\/2022\/11\/another-price-decrease-in-october\/\" target=\"_blank\" rel=\"noopener\">Teranet-National Bank House Price Index Experiences Another Monthly Decline in October<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Month-Over-Month Before seasonal adjustment, the Teranet\u2013National Bank National Composite House Price IndexTM fell 0.8% from September to October, a smaller decline than the 3.1% drop last month. After seasonal adjustment, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/11\/teranet-national-bank-hpi-another-price-decrease-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-20942","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>Teranet-National Bank HPI Another Price Decrease 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=\"http:\/\/www.roryc.ca\/blog\/2022\/11\/teranet-national-bank-hpi-another-price-decrease-in-october\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Teranet-National Bank HPI Another Price Decrease in October &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Month-Over-Month Before seasonal adjustment, the Teranet\u2013National Bank National Composite House Price IndexTM fell 0.8% from September to October, a smaller decline than the 3.1% drop last month. After seasonal adjustment, &hellip; [read more]\" \/>\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\":\"http:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/teranet-national-bank-hpi-another-price-decrease-in-october\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/teranet-national-bank-hpi-another-price-decrease-in-october\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Teranet-National Bank HPI Another Price Decrease in October\",\"datePublished\":\"2022-11-30T18:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/teranet-national-bank-hpi-another-price-decrease-in-october\\\/\"},\"wordCount\":280,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/teranet-national-bank-hpi-another-price-decrease-in-october\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/teranet-national-bank-hpi-another-price-decrease-in-october\\\/\",\"url\":\"http:\\\/\\\/www.roryc.ca\\\/blog\\\/2022\\\/11\\\/teranet-national-bank-hpi-another-price-decrease-in-october\\\/\",\"name\":\"Teranet-National Bank HPI Another Price Decrease in October &#8226; 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