Investor Presentation
Canadian House Prices
•
Absolute price level is moderate compared to major global
urban centers
Canadian housing market among others that have
experienced sharp rises in residential real estate values over
the last year
Growth rates of house prices in Canada have diverged across
regions
Sweden
Denmark
Russia
US
Korea
Canada
Germany
Netherlands
UK
Taiwan
Brazil
France
Mexico
China
S.Africa
Australia
Hong Kong
Japan
Italy
India
Indonesia
Spain
CIBC◇
Average Home Price 2
City
CAD
USD Eq.
Canada
748K
593K
Toronto
1260K
999K
Vancouver
1255K
995K
Calgary
459K
364K
Montreal
530K
420K
Ottawa
690K
547K
Latest Year over Year Increases in House Prices (%) ³
3
Housing Index Year over Year Change, by City 4
35%
-Canada -Toronto -Vancouver
Calgary -Montreal
Ottawa
30%
25%
20%
15%
10%
5%
0%
Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec 12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22
-5%
-10%
-15%
5
10
15
11 USD = 1.2616 CAD 2 Source: CREA, January 2022 3 Source: Oxford Economics, Haver Analytics 4 Source: Bloomberg, Teranet - National Bank House Price Index
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