HOUSE PRICE INDEX
The Most Comprehensive HPI in Canada for Investors and Financial Institutions
More Accurate and Investment Grade
Recognized as the single most comprehensive source for house price data in Canada, the RPS House Price Index Enterprise solution includes index values, median house price dollar values and extensive additional data by property type from a national to neighbourhood level.
Enabling residential real estate market participants from financial institutions to government to make key risk management and portfolio valuation decisions for over a decade, the RPS HPI is now even more accurate across all stratifications.
The RPS HPI Public Release now includes the National Index Published series designed for investment products – another Canadian first for RPS.
HPI Public Release
The HPI Public Release is a complimentary dataset that provides trends for all property types combined at the National, National Index Published, 13 Census Metropolitan Areas (CMAs), and a Weighted National 13 CMA Composite. See the trends or download the latest HPI Public Release below.
| City | YoY Change | Index | Value |
|---|---|---|---|
| National Index Published | 0.96% | 342.3 | $815,989 |
| Toronto Index Published | 0.84% | 370.0 | $1,212,204 |
| National Index | 2.48% | 342.3 | $815,989 |
| Vancouver | 2.48% | 388.8 | $1,492,300 |
| Victoria | -5.72% | 318.1 | $1,106,240 |
| Calgary | 13.06% | 273.9 | $695,450 |
| Edmonton | 9.57% | 230.8 | $472,140 |
| Regina | 5.43% | 249.5 | $348,570 |
| Saskatoon | 6.55% | 285.5 | $452,150 |
| Winnipeg | 5.67% | 285.9 | $394,100 |
| Hamilton | 0.69% | 385.6 | $841,610 |
| Toronto | 0.38% | 370.0 | $1,212,200 |
| Ottawa | 1.89% | 290.5 | $699,110 |
| Montreal | 7.43% | 303.0 | $676,020 |
| Quebec | 13.82% | 284.3 | $445,380 |
| Halifax | 3.95% | 309.9 | $595,340 |
Key Features
Broad, Deep, Detailed
House price trends are provided across all Canadian markets, down to thousands of discreet local markets, property types and segments of the markets, and includes supplemental contextual information to power subscriber insights.
Local Trends Every Month
Enterprise subscribers can leverage national, provincial and neighbourhood trends every month using data for 1,000 cities and towns plus 1,500 FSA-level neighbourhoods from coast to coast. All geographic trends are published for six property types so enterprise subscribers are able to compare the performance of different housing stock.
Methodology Matters
Using RPS' unique residential property database that's updated continuously from sources across Canada, the RPS HPI employs a stratified central tendency approach that produces robust house price trends down to the neighbourhood level across multiple property types. Read the RPS HPI Methodology below.
Who Are RPS HPI Clients?
- Federally Regulated Financial Institutions – Banks, Mortgage Lenders, Trust Companies, Mortgage Insurers
- Credit Unions
- Mortgage Investment Corporations, Mortgage Brokerages
- Government, Economists, Industry Associations, Researchers
How RPS HPI Clients Achieve Results
- Ensure mortgage portfolio collateral values are updated monthly
- Measure risk exposure, spot emerging risks and uncover performance weakness
- Accurately calculate capital allocations
- Deliver complete and current reporting to Boards, senior executives, investors and regulators
- Make informed enhancements to underwriting policies Identify growth opportunities and expertly manage client retention
RPS HPI Methodology
Read the full HPI Methodology here.