Canadian home prices accelerate in February theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
FILE PHOTO: A row of houses stand in a newly built subdivision in East Gwillimbury, Ontario, Canada, January 30, 2018. REUTERS/Mark Blinch
OTTAWA (Reuters) - Canadian home prices accelerated in February, rising 0.5% from January with all 11 major markets rising on the year for the first time since 2018, data showed on Wednesday.
The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, showed price gains in seven of the 11 major metropolitan markets.
Prices rose 2.3% in Halifax, 1.1% in Hamilton and 0.8% in Vancouver, but the index was down 0.1% in Edmonton and fell 0.5% in Ottawa-Gatineau.
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