Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

Canadian MLS launches Home Price Index

Canadian MLS Home Price Index

Canadian home buyers, sellers and Realtors are now being served by the newly launched Canadian Multiple Listing Service (MLS) Home Price Index (HPI) across Montreal, Toronto, Calgary, Vancouver and the Fraser Valley. Although Fraser Valley and Greater Vancouver have had an HPI in place since the mid-1990s, this is the first HPI available for the five main boards designed to track trends in home prices in markets across Canada.

“Combined with the knowledge, experience and skills of your REALTOR®, the MLS® HPI allows you to better understand these trends — and how they can affect the market value of your home,” the site tells consumers, adding “More importantly, though, it helps you approach one of life’s most important decisions — buying or selling a home — with greater confidence.”

Just as with the National Association of Realtors’ HPI in America, the intent is to track overall trends, not predict any individual property value and allow consumers to compare “apples to apples” when moving from region to region.

The MLS HPI tracks changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period which is different from average and median home price calculations in that the HPI is based on the value homebuyers assign to various housing attributes, which tend to evolve gradually over time. The company says, “This means that price changes calculated using the MLS® HPI are less volatile than those derived using common measures like average and median, which can swing dramatically in response to changes with high-end or low-end sales volumes over time.”

Advertisement. Scroll to continue reading.

The new MLS HPI is published in each of Canada’s major real estate markets at or near the beginning of each month, to reflect activity that occurred during the previous month.

Below are the most recent MLS HPI reports as an example (click any image to visit the MLS HPI website):

The American Genius is news, insights, tools, and inspiration for business owners and professionals. AG condenses information on technology, business, social media, startups, economics and more, so you don’t have to.


Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.




Business News

(FINANCE) An anti-trust lawsuit against major players in the residential real estate industry sheds light on misinformation and misunderstandings about commissions - when you're...

Social Media

(SOCIAL MEDIA) Facebook is updating its trends page as another step in its revamping process.

Business Marketing

(MARKETING) Opcity is the Austin startup making big changes to the ways that lead generation happens in real estate.

Business Marketing

(MARKETING) Whether an anomaly or the new normal, publishers are seeing diminished reach with text content on this popular site.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.