Canadian house prices rebound from post-GFC low

Thursday, 13 December 2018

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

Home values nationally declined by 0.3% in the month of November, driven by a 0.6% fall in Vancouver and a 0.1% decline in both Toronto and 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.