TeraIntelligence  Average House Price

• What it is: The average value of all transfers in a specific area over the last 12 months compared to the previous 12-month period.
• How it’s calculated: All transfer values are added up and then divided by the number of transfers.
• What it offers: A snapshot of what people are paying for homes right now.

Teranet-National Bank House Price Index™ (HPI)

• What it is: A measure of how Canadian single-family home prices change over time.
• How it’s calculated: By tracking sale prices of registered transactions over time. Properties with at least two sales are required in the calculations, and the sales are to represent fair market value transactions of properties whose quality and condition have remained somewhat consistent over time. These “sales pairs” measure the increase or decrease of the property value in the period between sales in a linear fashion.
• What it tells you: Whether home values are going up or down, and how fast.

To learn more about this trustworthy benchmark for financial professionals visit https://housepriceindex.ca/.