House prices continue to rise says Teranet-National index

The latest home price index from Teranet and mortgage lender National Bank shows a 5.39% rise in the national average home price for August.

Once again it was driven by Toronto and Vancouver, which together with Hamilton, are shown as seller’s markets. The national increase month-over-month was 1.03% in August.

Toronto prices rose 8.7% year-over-year and Hamilton is benefitting from the overspill with an 8.76% rise.

Vancouver prices were up 9.7% year-over-year. Other cities gaining were Calgary which was up 0.7% year-over-year but also gained 3.87% in August compared to July.

Edmonton prices were up 0.79% over the year and Victoria gained 3.19%.

Five cities, though, saw lower prices than a year earlier -- Halifax (-1.4%), Quebec City (-0.74%), Montreal (-0.46%), Ottawa (-0.40%), and Winnipeg (-0.35%). 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?