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 Teranetâ€“National Bank National Composite House Price Index.
Prices rose in Hamilton, Quebec City and Toronto, as well as Calgary, Edmonton and Montreal.
Calgaryâ€™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 Teranetâ€“National Bank House Price Index tracks prices for repeat home sales in six metropolitan areas: Ottawa, ToÂronto, Calgary, Vancouver, Montreal and Halifax.
Read more Business News
- BC chief's pay, expenses: $1MBC - 8:08 pm
- Body & truck pulled from riverVernon / N. Okanagan - 3:53 pm
- Prolific offender goes campingKelowna - 12:42 pm
- Pickup hit and runKelowna - 4:00 pm
|QHR Technologies Inc||1.21||-0.01|
|Anavex Life Sciences||0.262||+0.002|
|Copper Mountain Mining||2.75||-0.08|
|Sunrise Resources Ltd||0.03||-0.005|
|Mission Ready Services||0.15||0.00|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...