The history of the MLS® HPI
The MLS® HPI was pioneered by six founding partners: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Greater Toronto and the Canadian Real Estate Association (CREA). In 2009, the partners contracted with Altus Group to develop the MLS® HPI, which subsequently launched in February 2012.
Since its founding, the MLS® Home Price Index has grown to include data from Regina, Saskatoon, Ottawa, Vancouver Island, Victoria, Greater Moncton, Guelph, Oakville-Milton, Edmonton, Barrie & District, Hamilton-Burlington, Niagara Region, Okanagan Valley, and Winnipeg.
The 19 real estate boards participating in the MLS® HPI represent more than two thirds of all Canadian resale housing activity, based on the 10-year average of annual sales from 2010-2019.