Canadian house prices rebound

The Teranet-National Bank House Price Index for January has been released, which shows that Canadian house prices rose another 0.1% across the 11 major markets, with annual growth improving to 2.1%:

After falling for 14 straight months, Vancouver house prices have clearly bottomed, rising by 0.8% since their trough in September 2019.

However, Vancouver’s house prices were still down 6.7% from their July 2018 peak.

Elsewhere, Toronto’s and Montreal’s annual house price growth firmed to 4.5% and 6.7% respectively.

Leith van Onselen

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