Tuesday, May 10, 2011

U.S. vs Canadian Housing Price Mashup!: March 2011

Teranet/National Bank of Canada produces a complete line of Canadian home prices indices using the same repeat sale methodology as the S&P/Case-Shiller allowing for an interesting comparison against home prices here in the US.

Mashing-up the Teranet/NBC Composite-6 index to the S&P/CSI Composite-10 both rebased to the year 1999 provides a pretty decent “apples-apples” comparison as both the Teranet/NBC Composite-6 and S&P/CSI Composite-10 share the purpose of narrowly including just the top largest metros for their respective country.

Looking at the chart (click for full-screen dynamic version) you can see that both indices are diverging a bit with the Case-Shiller actually declining on an annual basis while the Teranet data continues to climb with an annual increase of 3.76%.

Browse the full catalog of Canadian home price indices provided by Teranet/National Bank of Canada.