{"id":435,"date":"2015-12-17T08:55:33","date_gmt":"2015-12-17T16:55:33","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=435"},"modified":"2015-12-16T13:28:47","modified_gmt":"2015-12-16T21:28:47","slug":"teranet-vancouver-repeat-home-sales-prices-continue-to-lead-the-country","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2015\/12\/teranet-vancouver-repeat-home-sales-prices-continue-to-lead-the-country\/","title":{"rendered":"Teranet : Vancouver Repeat Home Sales Prices Continue to Lead the Country"},"content":{"rendered":"<p style=\"text-align: justify;\">Repeat home sales prices in Vancouver led the country over the past 12 months, according to Teranet\u2019s home price index (HPI) data released December 14, with year-over-year growth of 11.28%.<\/p>\n<p style=\"text-align: justify;\">This was almost double the 6.08% increase seen nationwide, which was the country\u2019s largest 12-month increase since March 2012. Only three other cities\u2014Toronto (up 9.7%), Hamilton (up 9.6%) and Victoria (up 8.7%)\u2014saw increases over the year.<\/p>\n<p style=\"text-align: justify;\">\u201cPrices were barely higher than a year earlier in Montreal (0.7%) and Winnipeg (0.4%) and were down from a year earlier in five of the 11 markets\u2014Edmonton (\u22120.6%), Ottawa-Gatineau (\u22120.6%), Halifax (\u22120.9%), Quebec City (\u22121.3%) and Calgary (\u22122.0%),\u201d said National Bank of Canada senior economist Marc Pinsonneault.<\/p>\n<p style=\"text-align: justify;\">\u201cIn more than 16 years of existence, the index has never recorded 12-month home-price deflation in more than five of the 11 markets, even in recession.\u201d<\/p>\n<p style=\"text-align: justify;\">Compared with October, repeat sales prices rose 1.35% in Vancouver in November. This was the 11th straight month without a decline and helped propel nationwide growth of 0.19%. The strongest increase in November was in Victoria, up 1.8%.<\/p>\n<p style=\"text-align: justify;\">Teranet\u2019s HPI tracks price changes for repeat sales of single-family homes.<\/p>\n<p><a href=\"https:\/\/www.biv.com\/article\/2015\/12\/vancouver-repeat-home-sales-prices-continue-lead-c\/\" target=\"_blank\">Teranet : Vancouver Repeat Home Sales Prices Continue to Lead the Country<\/a> by Emma Crawford Hampel | Business in Vancouve<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Repeat home sales prices in Vancouver led the country over the past 12 months, according to Teranet\u2019s home price index (HPI) data released December 14, with year-over-year growth of 11.28%. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2015\/12\/teranet-vancouver-repeat-home-sales-prices-continue-to-lead-the-country\/\">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-435","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 : Vancouver Repeat Home Sales Prices Continue to Lead the Country &#8226; 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