Wednesday, October 8, 2025

Latest

Canadian Home Prices Jump 16% in June, Sharpest Annual Gain on Record

According to the Teranet National Bank composite price index, home prices across Canada posted the 20th consecutive increase, rising by 2.7% from the prior month, as all of the 11 constituent markets reported gains. This marked the second-biggest monthly jump on records dating back to 1999, only lagging slightly behind the 2.8% increase reported in May.

Source: Teranet National Bank

The index was 16% higher compared to June 2020, exceeding the 14.2% increase reported in June 2017, and marking the sharpest annual increase in home prices on record. Of the 32 urban housing markets across Canada, 90% of them reported price gains of more than 10%, while 42% of these urban markets noted price increases of 30% or more. The record-breaking 12-month increase was led by five main markets, including Halifax, Hamilton, Ottawa-Gatineau, Montreal, and Victoria.

However, despite the record-high gains, the month of June also saw a slight deceleration in prices compared to the beginning of the year, which coincides with the recent declining trend of home sales, as reported by the Canadian Real Estate Association. As such, the slight cooling in real estate activity could mean that price gains could slow over the coming months, but a decline in prices likely will not happen anytime in the short-run.

Information for this briefing was found via the Teranet National Bank. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Housing Sales in Toronto Surge in June, Prices Skyrocket as a Result

As restrictions continue to be lifted across Canadian provinces, consumers have been flocking to the...

Wednesday, July 8, 2020, 03:27:00 PM

Canadian Housing Prices To Fall 2.2% This Fall — Survey Report

In the last months of the year, the national average residential sale price in the...

Thursday, October 13, 2022, 11:17:55 AM

US Homebuilder Sentiment Reaches Record High for Second Consecutive Month

The US housing construction industry has remained immune to the ups and downs of the...

Monday, October 19, 2020, 01:41:00 PM

Increasing Number of Canadian Small Businesses Struggling to Pay Rent Amid COVID-19 Pandemic

As a result of the coronavirus pandemic economic restrictions, a large portion of Canadian businesses...

Friday, June 5, 2020, 11:09:00 AM

Increase in Rental Vacancies Could Have Significant Impact on Housing Prices

According to economists at Capital Economics, the recent increase in vacancy rates for short-term rentals...

Friday, May 22, 2020, 06:05:49 PM