Vancouver house prices continue to dive

Thursday 24 October 2019

The Teranet-National Bank House Price Index for September has been released, which shows that Canadian house prices rose by 0.1% across the 11 major markets, with annual growth improving to 0.7%:

However, prices in Vancouver continued to fall, declining by 0.5% in September and down 7.4% since peaking in July 2018.

Meanwhile, the Real Estate Board of Vancouver also reported falling prices:

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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.