Thursday, November 27th1.1°C
23286
24225

Canadian home prices up in May, rising 0.8 per cent: Teranet housing index

MONTREAL - Canadian home prices were up in May, rising 0.8 per cent over the previous month, according to the Teranet–National Bank National Composite House Price Index.

Prices rose in Hamilton, Quebec City and Toronto, as well as Calgary, Edmonton and Montreal.

Calgary’s advance was the fourth in a row exceeding one per cent, taking prices in that city to a new high. New records were also reached in Hamilton and Toronto.

Halifax had the strongest month-to-month price in its history, with an increase of 3.1 per cent after price drops earlier this year.

Prices fell in Victoria and Winnipeg, while Ottawa remained unchanged.

The increase was the fifth smallest for May in the 16 years covered by the index, with prices were up 4.6 per cent from a year earlier, below the annual rate of growth.

The Teranet–National Bank House Price Index tracks prices for repeat home sales in six metropolitan areas: Ottawa, To­ronto, Calgary, Vancouver, Montreal and Halifax.

The Canadian Press


Read more Business News

24244


Recent Trending




Today's Market
S&P TSX15038.41-35.24
S&P CDNX771.06-9.58
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8866-0.0022
Gold1193.80-2.7999
Oil72.34-1.35
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.160.00
Knighthawk0.01-0.005
QHR Technologies Inc1.34+0.02
Cantex0.045+0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.035+0.005
Russel Metals31.50-0.64
Copper Mountain Mining2.16+0.01
Colorado Resources0.12-0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.34+0.015

 
24130


23015

FEATURED Property
17921365150 Cedar Creek Court, Kelowna, BC
4 bedrooms 4 baths
$869,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24160

24220


Member of BC Press Council


24033