{"id":7850,"date":"2018-06-13T13:07:50","date_gmt":"2018-06-13T17:07:50","guid":{"rendered":"https:\/\/www.teranet.ca\/insights\/the-stabilization-of-home-prices-confirmed-in-may\/"},"modified":"2022-07-07T15:32:18","modified_gmt":"2022-07-07T19:32:18","slug":"the-stabilization-of-home-prices-confirmed-in-may","status":"publish","type":"post","link":"https:\/\/www.teranet.ca\/fr\/insights\/the-stabilization-of-home-prices-confirmed-in-may\/","title":{"rendered":"The Stabilization of Home Prices Confirmed in May"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1212 size-large\" src=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2022\/01\/hpi-may-2018-1.jpg\" alt=\"\" width=\"1024\" height=\"335\" \/><\/p>\n<p>In May the Teranet\u2013National Bank National Composite House Price IndexTM\u00a0\u00a0was up 1.0% from the previous\u00a0month. This confirms the index stabilization following the downward trend that prevailed over the second half of 2017. The last monthly gain is one tick less than the May average of 1.1% over the 20 years of index history. The monthly advance was led by the metropolitan markets of Victoria (1.8%), Ottawa-Gatineau (1.7%), Toronto (1.3%), Winnipeg (1.3%) and Vancouver (1.0%). The rise of the Toronto index matched its historical average for May. The rise of the Ottawa-Gatineau index was not enough to make up its cumulative decline over the previous four months. There were smaller monthly advances in the indexes for Edmonton (0.7%), Quebec City (0.6%), Hamilton (0.4%), Calgary (0.4%) and Montreal (0.3%). The index for Halifax was flat.<\/p>\n<p style=\"text-align: left;\"><strong>Teranet-National Bank National Composite House Price Index&#x2122;<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1213 size-full\" src=\"https:\/\/www.teranet.ca\/wp-content\/uploads\/2022\/01\/hpi-may-2018.jpg\" alt=\"\" width=\"931\" height=\"565\" \/><\/p>\n<p>Because of a rapid advance from May to August last year, the composite index was nevertheless up 4.5% from a year earlier. It was the smallest 12-month rise since June 2015 and an 11thconsecutive deceleration\u00a0from last June\u2019s record 12-month gain of 14.2%. The increase was led by Vancouver (15.4%) and Victoria (10.3%), the only two markets whose gains exceeded the countrywide average. The 12-month rise was 3.9% in Ottawa-Gatineau, 3.9% in Halifax, 3.6% in Montreal, 2.1% in Winnipeg, 1.9% in Quebec City, 1.8%<\/p>\n<p>For the full report including historical data, please visit:\u00a0<a href=\"http:\/\/www.housepriceindex.ca\" target=\"_blank\" rel=\"noopener\">www.housepriceindex.ca<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In May the Teranet\u2013National Bank National Composite House Price IndexTM\u00a0\u00a0was up 1.0% from the previous\u00a0month. This confirms the index stabilization following the downward trend that prevailed over the second half&#8230;<\/p>\n","protected":false},"author":2,"featured_media":3480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[128],"tags":[],"class_list":["post-7850","post","type-post","status-publish","format-standard","has-post-thumbnail","category-real-estate-solutions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Stabilization of Home Prices Confirmed in May - Teranet<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teranet.ca\/insights\/the-stabilization-of-home-prices-confirmed-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Stabilization of Home Prices Confirmed in May\" \/>\n<meta property=\"og:description\" content=\"In May the Teranet\u2013National Bank National Composite House Price IndexTM\u00a0\u00a0was up 1.0% from the previous\u00a0month. 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