"TERMS AND CONDITIONS" "https://www.bankofcanada.ca/terms/" "NAME" "The HPEI was informative during the most recent house price cycle in the GTA" "DESCRIPTION" "Last observation: January 2021" "" "Note: HPEI is the House Price Exuberance Indicator. GTA is the Greater Toronto Area." "" "Sources: Canadian Real Estate Association, Canadian Survey of Consumer Expectations, Realosophy Inc. and authors’ calculations" "LINK" "https://www.bankofcanada.ca/?p=220848" "SERIES" "id","label","description" "SAN_MIKA20210428_C1_S1","HPEI (left scale)","" "SAN_MIKA20210428_C1_S2","House price growth (right scale)","" "SAN_MIKA20210428_C1_S3","Percentage of homes sold over asking (right scale)","" "SAN_MIKA20210428_C1_S4","Expectations of house price growth, percent (right scale)","" "OBSERVATIONS" "date","SAN_MIKA20210428_C1_S1","SAN_MIKA20210428_C1_S2","SAN_MIKA20210428_C1_S3","SAN_MIKA20210428_C1_S4" "2012Q1","0.917233115","7.880000000","23.963873330","" "2012Q2","0.899439688","8.090000000","25.062440000","" "2012Q3","0.885515637","6.570000000","13.406446670","" "2012Q4","0.907465351","4.960000000","9.783704333","" "2013Q1","0.920790274","3.340000000","15.295726670","" "2013Q2","0.913698625","3.110000000","18.908756670","" "2013Q3","0.930031034","3.980000000","15.355620000","" "2013Q4","0.936681014","5.460000000","15.117023330","" "2014Q1","0.942320544","7.270000000","22.924853330","" "2014Q2","0.971155638","7.390000000","27.334733330","" "2014Q3","0.954559932","7.710000000","21.186183330","" "2014Q4","0.928699510","7.830000000","19.476343330","4.840342000" "2015Q1","0.947768670","7.820000000","29.355793330","4.220008000" "2015Q2","0.977184294","8.920000000","36.068646670","5.037329000" "2015Q3","0.964809455","9.940000000","28.322640000","4.799509000" "2015Q4","0.992269858","10.130000000","23.558240000","4.704126000" "2016Q1","1.013754090","11.080000000","37.006333330","4.974653000" "2016Q2","1.030584296","14.400000000","53.068986670","5.286978000" "2016Q3","1.043754589","17.170000000","47.899440000","7.844146000" "2016Q4","1.054060857","20.040000000","45.067833330","5.566303000" "2017Q1","1.062125914","26.020000000","67.604840000","8.588397000" "2017Q2","1.068437136","28.340000000","60.002653330","6.239520000" "2017Q3","1.073375914","14.840000000","20.903230000","3.862103000" "2017Q4","1.021627523","8.720000000","19.857413330","5.075377000" "2018Q1","0.981132388","1.140000000","22.422156670","4.990477000" "2018Q2","1.005056540","-5.160000000","25.603573330","4.458526000" "2018Q3","1.023777743","1.040000000","19.420573330","4.946890000" "2018Q4","0.982817030","2.810000000","18.653113330","4.487707000" "2019Q1","1.006374835","2.990000000","22.054856670","4.765476000" "2019Q2","0.969196564","3.240000000","27.828346670","4.382999000" "2019Q3","0.940103115","4.670000000","24.965143330","4.620018000" "2019Q4","0.972796646","6.340000000","27.368763330","5.001691000" "2020Q1","0.942920320","9.480000000","50.369853330","5.483564000" "2020Q2","0.975154106","9.480000000","29.813086670","0.483069800" "2020Q3","1.000378301","10.740000000","45.171443330","4.724566000" "2020Q4","1.020117219","10.770000000","41.289743330","4.932991000" "2021Q1","1.032004935","15.530000000","62.720000000","5.686839000"