Wednesday, August 27th26.9°C
22663
21739

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

22671


Recent Trending




Today's Market
S&P TSX15602.65-16.56
S&P CDNX1019.343.98
DJIA17122.0115.31
Nasdaq4569.622-1.015
S&P 5002000.12+0.10
CDN Dollar0.9220+0.0017
Gold1281.70-2.1001
Oil93.71-0.17
Lumber347.10-2.10
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.07+0.005
Anavex Life Sciences0.24-0.01
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining2.96-0.07
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 



22908

FEATURED Property
1963317124 3880 Truswell Road
3 bedrooms 4 baths
$799,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_








Member of BC Press Council


22837