Saturday, October 25th8.4°C
23888
23004

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

23631


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 





FEATURED Property
1799753522 - 3880 Truswell Road, Kelowna, bC
3 bedrooms 4 baths
$775,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


23091