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The Teranet-National Bank House Price Index for October has been released, which shows that Canadian house prices fell by 0.1% across the 11 major markets, with annual growth improving to 1.0%:
However, prices in Vancouver rebounded, rising by 0.2% in October to be down 6.2% since peaking in July 2018.
The Real Estate Board of Vancouver also reported a small rebound:
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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.