Friday, February 27th5.9°C
25154
23931

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 TSX15265.71+24.55
S&P CDNX704.11+3.18
DJIA18132.38-82.04
Nasdaq4963.528-24.362
S&P 5002104.49-6.25
CDN Dollar0.7998+0.0007
Gold1203.00+6.10
Oil51.64+1.25
Lumber296.70+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.48+0.18
Copper Mountain Mining1.30+0.04
Colorado Resources0.15+0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.235+0.025

 



24502

FEATURED Property
21535199380 Sunset Road
10091444 bedrooms
$149,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24697