The most advanced and accurate tool to gauge a neighbourhood’s home price levels and trends just got more robust.
CREA is pleased to welcome 18 Ontario markets to the MLS® Home Price Index (HPI). They are:
- Bancroft & Area
- Brantford Region
- Grey Bruce Owen Sound
- Huron Perth
- Kawartha Lakes
- London & St. Thomas
- North Bay
- Northumberland Hills
- Peterborough & the Kawarthas
- Quinte & District
- Simcoe & District
- Southern Georgian Bay
- Tillsonburg District
Together, with the recent additions of Quebec CMA, Winnipeg, and Newfoundland and Labrador, the MLS HPI® now covers 39 markets across Canada—that makes up nearly 80% of real estate activity across Canada.*
What is the MLS® HPI?
Average or median prices can change a lot from one month to the next and paint an inaccurate or even unhelpful picture of price values and trends. The MLS® HPI is based on the value home buyers assign to various housing attributes, which tend to evolve gradually over time. The MLS® HPI therefore provides an “apples to apples” comparison of home prices across the entire country, using more than 15 years of data.
What are the benefits of being a part of the MLS® HPI?
You can price your clients’ homes with confidence. With the MLS® HPI, you can:
- support your business with the latest market stats;
- see how a home’s features affect its price;
- see what’s happening in your local market; and
- gain info exclusively for REALTORS®.
REALTORS® should contact their board or association for more information on how to access the MLS® HPI Tool.
*Based on the 10-year average from 2010-2019.