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1\begin{table}[htbp]2\centering\scriptsize3\caption{Comparison with external indices: change of the annual mean log index from 2021 to 2026 (January--September), log ×100, and correlations of 12-month and 1-month log changes}\label{tab:external}4\begin{threeparttable}5\begin{tabular}{lrrrrrrr}6\toprule7SHARP series & External series & Geography & SHARP 2026 vs 2021 & External 2026 vs 2021 & Gap & Corr. 12-m & Corr. 1-m \\8\midrule9condo (CMM/CMQ) & CREA MLS HPI, Composite NSA & Montréal CMA & 28.4 & 23.5 & +4.9 & 0.88 & 0.54 \\10condo (CMM/CMQ) & CREA MLS HPI, Apartment NSA & Montréal CMA & 28.4 & 23.7 & +4.7 & 0.92 & 0.52 \\11condo (CMM/CMQ) & CREA MLS HPI, Single Family NSA & Montréal CMA & 28.4 & 25.0 & +3.4 & 0.86 & 0.48 \\12condo (CMM/CMQ) & Teranet-NB, NSA (repeat sales) & Montréal CMA & 28.4 & 26.1 & +2.3 & 0.95 & 0.63 \\13house (CMM/CMQ) & CREA MLS HPI, Single Family NSA & Montréal CMA & 35.6 & 25.0 & +10.6 & 0.91 & 0.33 \\14house (CMM/CMQ) & CREA MLS HPI, Composite NSA & Montréal CMA & 35.6 & 23.5 & +12.2 & 0.92 & 0.33 \\15house (CMM/CMQ) & Teranet-NB, NSA (repeat sales) & Montréal CMA & 35.6 & 26.1 & +9.6 & 0.95 & 0.70 \\16house (CMM/CMQ) & CREA MLS HPI, Apartment NSA & Montréal CMA & 35.6 & 23.7 & +12.0 & 0.90 & 0.24 \\17condo province & CREA MLS HPI, Apartment NSA & Quebec (province) & 31.6 & 24.7 & +6.9 & 0.88 & 0.58 \\18condo province & CREA MLS HPI, Composite NSA & Quebec (province) & 31.6 & 26.5 & +5.2 & 0.84 & 0.58 \\19condo province & CREA MLS HPI, Single Family NSA & Quebec (province) & 31.6 & 28.1 & +3.5 & 0.83 & 0.52 \\20house province & CREA MLS HPI, Composite NSA & Quebec (province) & 42.3 & 26.5 & +15.9 & 0.91 & 0.37 \\21house province & CREA MLS HPI, Single Family NSA & Quebec (province) & 42.3 & 28.1 & +14.3 & 0.91 & 0.36 \\22house province & CREA MLS HPI, Apartment NSA & Quebec (province) & 42.3 & 24.7 & +17.6 & 0.92 & 0.30 \\23condo (CMM/CMQ) & Teranet-NB, NSA (repeat sales) & Québec CMA & 43.9 & 43.7 & +0.2 & 0.71 & 0.13 \\24condo (CMM/CMQ) & CREA MLS HPI, Single Family NSA & Québec CMA & 43.9 & 45.5 & -1.6 & 0.60 & 0.06 \\25condo (CMM/CMQ) & CREA MLS HPI, Composite NSA & Québec CMA & 43.9 & 44.3 & -0.4 & 0.67 & 0.11 \\26condo (CMM/CMQ) & CREA MLS HPI, Apartment NSA & Québec CMA & 43.9 & 47.1 & -3.1 & 0.67 & 0.19 \\27house (CMM/CMQ) & CREA MLS HPI, Apartment NSA & Québec CMA & 47.9 & 47.1 & +0.9 & 0.54 & -0.01 \\28house (CMM/CMQ) & CREA MLS HPI, Composite NSA & Québec CMA & 47.9 & 44.3 & +3.6 & 0.59 & -0.08 \\29house (CMM/CMQ) & CREA MLS HPI, Single Family NSA & Québec CMA & 47.9 & 45.5 & +2.4 & 0.56 & -0.09 \\30house (CMM/CMQ) & Teranet-NB, NSA (repeat sales) & Québec CMA & 47.9 & 43.7 & +4.3 & 0.63 & 0.54 \\31\bottomrule32\end{tabular}33\begin{tablenotes}\footnotesize\item Teranet--National Bank: repeat sales on all registry transfers, CMA, all residential types. CREA MLS HPI: benchmark hedonic on brokered resales, CMA / provincial aggregate. SHARP metropolitan series = stock-weighted aggregates of municipal cells inside the Montréal (CMM) and Québec (CMQ) metropolitan communities; all series rebased to 2021 average = 100 before comparison.\end{tablenotes}34\end{threeparttable}35\end{table}36