Canadian house price rebound from post-GFC low

Friday 16 November 2018

The Teranet-National Bank House Price Index for October has been released, which shows that Canadian house price growth continues to bounce back from August’s post-Global Financial Crisis (GFC) low:

Home values nationally declined by 0.4% in the month of October, driven by a 0.8% fall in Vancouver and a 0.2% decline in Toronto. By contrast, Montreal home values rose by 0.2% over the month.

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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.