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April 12, 2017TERANET-NATIONAL BANK HOUSE PRICE INDEX, MARCH 2017 ![](http://www.gov.ns.ca/finance/statistics/media/20170412-Teranet02.jpg)
Halifax home prices as measured by the Teranet-National Bank House Price declined 1.7 per cent in March 2017, following a 1.9 per cent decline in February. The Halifax price level was 4.1 per cent above the March 2016 level.
![](http://www.gov.ns.ca/finance/statistics/media/20170412-Teranet10.jpg)
For the month of March, the Teranet national index (composite of 11 cities) rose 0.9 per cent, the largest March rise in 10 years.
In February, 6 out of 11 cities experienced increases.
Nationally, (Composite-11) house prices are 13.5 per cent above their levels in March of last year. The increase was led by Toronto, Hamilton, Victoria and Vancouver.
![](http://www.gov.ns.ca/finance/statistics/media/20170412-Teranet03.jpg)
![](http://www.gov.ns.ca/finance/statistics/media/20170412-Teranet04.jpg)
Comparing the first three months of 2017 to the same period in 2016, Halifax home prices are up 2.7 per cent. Nationally, (Composite-11) house prices are 13.3 per cent above their levels in the first three months of last year.
![](http://www.gov.ns.ca/finance/statistics/media/20170412-Teranet05.jpg)
Source: Teranet National-Bank
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