Tuesday, September 30th11.5°C
23366
22934

National home prices rise 0.5 per cent in April, Calgary hits a new high

TORONTO - Canadian home prices rose slightly in April, following an unusually flat March, according to the Teranet-National Bank Composite House Price Index.

Teranet says prices were up 0.5 per cent from March, and although the gain "might appear robust" compared to the previous month, home prices always climb in the spring season.

In fact, it noted that April's increase was the third lowest for any April besides during the recession in 15 years.

Year-over-year, national home prices rose by 4.9 per cent.

Teranet says prices were up in nine cities last month, with Calgary hitting a new high, rising by 1.5 per cent.

Home prices in the Ottawa-Gatineau region also snapped out of seven months of declines, by rising by 0.7 per cent in April. While Vancouver hit a new high by jumping 0.5 per cent, following 12 months of advances.

Only two cities saw declines last month. Prices in Quebec City fell 0.5 per cent, while prices in Victoria dropped by 1 per cent.

The Teranet–National Bank House Price Index tracks repeat sales of single-family homes across the country.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14917.44-59.479
S&P CDNX912.35-0.41
DJIA17037.23-33.99
Nasdaq4487.799-18.054
S&P 5001972.14-5.66
CDN Dollar0.8946-0.0012
Gold1214.70-4.1001
Oil92.95+0.17
Lumber334.30+5.40
Natural Gas4.166+0.012

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.23+0.01
Cantex0.07-0.02
Anavex Life Sciences0.1850.00
Metalex Ventures0.0550.00
Russel Metals34.57+0.08
Copper Mountain Mining2.48-0.04
Colorado Resources0.150.00
ReliaBrand Inc0.020.00
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.34-0.02

 



23561

FEATURED Property
20883526205 Bonnie Lane
5 bedrooms 4 baths
$679,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


22771