Blog by Andrew Peck

<< back to article list

MLS® Home Price Index coming

MLS® Home Price Index coming

This is what collaboration looks like.

The Montreal, Toronto, Calgary, Fraser Valley and Greater Vancouver real estate boards and the Canadian Real Estate Association (CREA) are collaborating to develop a national housing price index – to be launched in January 2012.

The key goal of this important initiative is to develop innovative tools and data to support REALTORS® business needs.

The new MLS®HPI will replace our current MLS®Link Housing Price Index.

The MLS®HPI index is an important tool because it provides a much more accurate measurement of residential sales prices compared to measuring average or median prices.

Average or median prices can be skewed where one or two properties at the high or low end of the market.

The MLS®HPI is used by REALTORS®, economists, appraisers, assessors, statisticians and local, provincial and federal governments looking for accurate home sales data.

Is our housing market at risk?

May 31st, 2017
Is our housing market at risk? Today, the International Monetary Fund reported that Canadian households are highly indebted and housing affordability, particularly in Vancouver and Toron...Click here to read more detail about 'Is our housing market at risk?'

Moving towards a National Housing Strategy

May 1st, 2017
Moving towards a National Housing Strategy The Canadian Real Estate Association and its member real estate boards and associations across Canada have long advocated for better access to ...Click here to read more detail about 'Moving towards a National Housing Strategy'

What are the key challenges we face as a profession?

February 18th, 2016
What are the key challenges we face as a profession? If someone were to ask me what one characteristic Realtors® share, I'd say - adaptability.  Take a minute and think about i...Click here to read more detail about 'What are the key challenges we face as a profession?'

Will a luxury or speculation tax create more affordable housing?

February 2nd, 2016
Will a luxury or speculation tax create more affordable housing? In the last month, both the Mayor of Vancouver and economists from the University of British Columbia and Simon Fraser Un...Click here to read more detail about 'Will a luxury or speculation tax create more affordable housing?'