Friday, May 22nd25.9°C
26402
24291

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

26361


Recent Trending




Today's Market
S&P TSX15200.76-2.85
S&P CDNX703.48+2.97
DJIA18232.02-53.72
Nasdaq5089.36-1.43
S&P 5002126.06-4.76
CDN Dollar0.8142-0.0053
Gold1205.70+1.30
Oil57.45-1.98
Lumber273.30+3.70
Natural Gas2.885-0.064

 
Okanagan Companies
Pacific Safety0.13-0.01
Knighthawk0.010.00
QHR Technologies Inc1.48+0.03
Cantex0.03-0.01
Anavex Life Sciences0.425+0.053
Metalex Ventures0.09+0.01
Russel Metals25.79-0.03
Copper Mountain Mining1.38-0.03
Colorado Resources0.105+0.005
ReliaBrand Inc0.0048-0.0049
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation2.20+0.60

 



26416

FEATURED Property
14964041405 Apex Mtn. Rd.
$98,000
more details
image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_





26418


Member of BC Press Council


25479