Canadian Home Prices Rise 1.1% in September

According to the Teranet-National Bank Composite House Price Index (CHPI), which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, Canadian home prices rose 1.1% in September 2020 when compared to August 2020. Making this the second strongest September on record. Leading the home prices higher were the areas of Ottawa-Gatineau and the Quebec City markets. Teranet tracks 11 major markets and 20 other cities across Canada and in September all 31 posted gains, which is the first time that has ever happened since the CHPI was started in 2009.