MLS HPI Provides Better Gauge of Canadian Home Price Trends

OTTAWA — Unlike average price, the MLS Home Price Index (MLS HPI) is not affected by changes in the mix of sales, so it provides a better gauge of Canadian home price trends. The index depicted tracks home price trends in five of Canada’s most active housing markets, including Greater Vancouver, the Fraser Valley, Calgary, Greater Toronto, and Montreal. These five markets comprise approximately 45 per cent of all home sales activity in Canada. More information is available at www.crea.ca.