What will be the increase in Canadian Home Prices between December 2015 and December 2016 be, according to the MLS Home Price Index (HPI)?
Less than 0%: 15%
0-5%: 40%
5-10%: 30%
More than 10%: 15%
(See the tool here. The Aggregate (over all cities), Composite (over all property types) number will be used)
According to the MLS HPI, Canadian home prices have increased every year since 2006 except 2008, with an average increase of 5% or so. The rate of increase has been slightly lower in recent years than before 2008. For the 9 years 2006-2014, 1 has seen a decrease in house prices, 3 have seen a 0-5% increase, 3 have seen a 5-10% increase, and 2 have seen a 10+% increase. I think the rate of increase in 2016 is most likely to be in the 0-5% range, but a 5-10% increase is also quite possible.
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