Wednesday, October 7th15.3°C

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 TSX13868.35+221.09
S&P CDNX542.68+3.99
S&P 5001995.83+15.91
CDN Dollar0.7658-0.0014
Natural Gas2.476+0.006

Okanagan Companies
Pacific Safety0.225+0.015
QHR Technologies Inc1.23-0.02
Metalex Ventures0.05+0.00
Russel Metals23.12-0.19
Copper Mountain Mining0.63+0.07
Colorado Resources0.075+0.005
ReliaBrand Inc0.0031-0.0009
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.085+0.000
Decisive Dividend Corp3.21+0.15
Diamcor Mining0.88-0.02


24289571297 Findlay Road
3 bedrooms 2 baths
more details
Click here to feature your property
Please wait... loading

Perfect (reno'd) home

Photo: Thinkstock.comHow many times have you found a home in the perfect location, but it needs too much work as per the home inspection? There is a great program available through most lenders that w...

Living beyond 100

Photo: ContributedThere was a time most careers involved an apprenticeship of one sort another. Some official, others involving years of servitude, and others time simply spent watching and emulating ...

5 Claim misconceptions

Photo: Thinkstock.comIf you have been hurt in an accident or as a result of medical negligence you will likely look to your friends and family for some advice on how to deal with the situation. These ...



Member of BC Press Council