{"id":8542,"date":"2018-03-19T10:10:53","date_gmt":"2018-03-19T17:10:53","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8542"},"modified":"2018-03-14T09:38:48","modified_gmt":"2018-03-14T16:38:48","slug":"the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/03\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\/","title":{"rendered":"The Teranet\u2013National Bank House Price Index\u2122 Ticked Down 0.1% in February"},"content":{"rendered":"<p style=\"text-align: justify;\">In February the Teranet\u2013National Bank National Composite House Price IndexTM retreated 0.1% from the previous month, following December and January rises that had interrupted a downtrend. It was the first February decline since 2013. The index was up in only three of the 11 metropolitan markets surveyed, the fewest since October 2014 : Vancouver (+0.4%), Hamilton (+0.2%) and Halifax (+0.8%). The index for Victoria was flat on the month and the other seven component indexes were down: Toronto \u22120.1%, Montreal \u22120.3%, Ottawa-Gatineau \u22120.7%, Edmonton \u22120.8%, Calgary \u22120.8%, Winnipeg \u22121.0%, Quebec City \u22121.5%.<\/p>\n<p style=\"text-align: justify;\">For Vancouver it was the 12th rise in 14 months, taking its index to a new record. However, this market\u2019s raw (unsmoothed) index was down 1.3% on the month, a retreat coinciding with a cooling of home sales as reported by the Real Estate Board of Greater Vancouver. The raw index for Toronto declined after three consecutive rises. In previous months, observers had noted a certain haste on the part of buyers to beat the entry into effect of tougher conditions for obtaining an uninsured mortgage. The advance of the Hamilton index interrupted a run of five declines. The retreat of the Montreal index was the first in 14 months. This is not a concern, since the Greater Montr\u00e9al Real Estate Board reported the strongest sales in six years for the first two months of a year.<\/p>\n<p style=\"text-align: justify;\"><strong>Teranet-National Bank National Composite House Price Index\u2122<\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0 <a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=8543\" rel=\"attachment wp-att-8543\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-8543\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/03\/teranet-300x180.gif\" alt=\"\" width=\"590\" height=\"354\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/03\/teranet-300x180.gif 300w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/03\/teranet-768x462.gif 768w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/a><\/p>\n<p>The composite index in February was up 7.5% from a year earlier, the smallest 12-month rise since March 2016 and an eighth consecutive deceleration from last June\u2019s record 12-month gain of 14.2%. The February 12-month rise was led by Vancouver (15.8%), Victoria (12.4%) and Hamilton (8.4%). It was below the countrywide average but still respectable in Toronto (6.2%), Halifax (5.3%), Montreal (5.0%), Ottawa-Gatineau (3.7%) and Winnipeg (3.0%). For Calgary it was a minimal 0.6%. There were declines from a year earlier in the indexes for Edmonton (\u22120.3%) and Quebec City (\u22122.3%).<br \/>\nOf the 14 markets not included in the countrywide composite index, indexes for seven were down from the previous month. Indexes for all 14 were up from a year earlier, with rises ranging from 1.2% in Sudbury, Ontario, to 23.9% in Abbotsford-Mission, BC.<\/p>\n<p><a href=\"http:\/\/bit.ly\/2FIIf1K\" target=\"_blank\" rel=\"noopener\">Click here<\/a> for the full report including historical data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In February the Teranet\u2013National Bank National Composite House Price IndexTM retreated 0.1% from the previous month, following December and January rises that had interrupted a downtrend. It was the first &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-8542","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>The Teranet\u2013National Bank House Price Index\u2122 Ticked Down 0.1% in February &#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\/2018\/03\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Teranet\u2013National Bank House Price Index\u2122 Ticked Down 0.1% in February &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"In February the Teranet\u2013National Bank National Composite House Price IndexTM retreated 0.1% from the previous month, following December and January rises that had interrupted a downtrend. It was the first &hellip; [read more]\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2018\/03\/teranet.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\\\/2018\\\/03\\\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"The Teranet\u2013National Bank House Price Index\u2122 Ticked Down 0.1% in February\",\"datePublished\":\"2018-03-19T17:10:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\\\/\"},\"wordCount\":358,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"image\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2018\\\/03\\\/teranet-300x180.gif\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2018\\\/03\\\/the-teranet-national-bank-house-price-index-ticked-down-0-1-in-february\\\/\",\"name\":\"The Teranet\u2013National Bank House Price Index\u2122 Ticked Down 0.1% in February &#8226; 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