All Collections
Seller Questions
What is the Home Price Index (HPI)?
What is the Home Price Index (HPI)?

Home Price Index, CREA, HPI, Current HPI Data, How to use the HPI

Bōde Support avatar
Written by Bōde Support
Updated over a week ago

We are glad you asked!

The Home Price Index is the most advanced and accurate tool to gauge a neighbourhood’s home price levels and trends. Average home prices can change frequently, and don’t always tell the complete story. They do not consider features in the home that may impact pricing – examples include:

  • Number of rooms above the basement level

  • Number of bathrooms & half-bathrooms

  • Square footage for main living & basement areas

  • Whether it has a fireplace and/or finished basement

  • Lot size

  • The age of the property

  • Parking

  • How the home is heated

  • Foundation, flooring, siding & roofing types

  • Whether the property has waterfront or panoramic view

  • Whether the property has been sold previously (newly constructed and previously unsold, or repeat sale)

  • Proximity to shopping, schools, hospitals, police stations, churches, sports centres, golf courses, parks, and transportation (including the train station, railways, and airports)

Did this answer your question?