Canadian house price growth bounces from post-GFC low

Monday 15 October 2018

The Teranet-National Bank House Price Index for September has been released, which shows that Canadian house price growth has bounced from last month’s post-Global Financial Crisis (GFC) low:

In the year to September, Canadian home values rose by just 2.1%, up from 1.4% last month. The rebound was driven by Toronto, whose annual price growth rebounded to -0.8% from -3.3% last month. Elsewhere, annual price growth was 6.2% in Vancouver and 4.8% in Montreal.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.