Average or median prices can change a lot from one month to the next and paint an inaccurate or even unhelpful picture of price values and trends. The Canadian Real Estate Association’s MLS® HPI is based on the value home buyers assign to various housing attributes, which tend to evolve gradually over time. It, therefore, provides an “apples to apples” comparison of home prices across the entire country. Each month, CREA’s MLS® HPI uses more than a decade of MLS® System data and sophisticated statistical models to define a “typical” home based on the features of homes that have been bought and sold