Developed using data from the Multiple Listing Service®, the MLS® Home Price Index (or MLS® HPI for short) allows you to see trends in home prices for a specific type of house in a given neighbourhood.

Combined with your knowledge, experience and skills, the MLS® HPI allows your clients to better understand these trends and how they can affect the market value of their home.

WHAT CAN IT DO FOR ME?

The MLS® HPI is not designed to predict the value of an individual property. However, since it is based on MLS® System listing content - a comprehensive and accurate source of real estate data in Canada - the MLS® HPI provides a more precise picture of home price trends in a given region, municipality or neighbourhood. It can help you by:

• Putting accurate information into your hands, so you can help your clients get the right price, whether they're buying or selling;
  
• Helping you see price trends, so you can help your clients plan ahead;
  
• Allowing you to compare home prices "apples-to-apples" across the entire country if your client is moving from one region to another.