The MLS® HPI is designed to be a reliable, consistent, and timely way of gauging changes in home prices.
It is calculated each month and covers 10 major housing markets (Vancouver Island, Victoria, Greater
Vancouver, Fraser Valley, Calgary, Regina, Saskatoon, Greater Toronto, Ottawa, and Greater Montreal,
with additional markets to come). The MLS® HPI is also aggregated for the collection of these markets.
The MLS® HPI tracks price levels at a point in time relative to price levels in a base (reference) period for
one- and two-storey single family homes, townhouse/row units, and apartment units. A composite
MLS® HPI is also calculated for the collection of these housing categories in each of the 10 housing
markets tracked by the index.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by
The Canadian Real Estate Association (CREA) and identify the quality of services provided by
real estate professionals who are members of CREA.