Canadian home price gains accelerate again in May – Teranet wtbx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtbx.com Daily Mail and Mail on Sunday newspapers.
AmericasCanadian home price gains accelerate in April from prior month -Teranet
Reuters
2 minute read
Canadian home prices accelerated sharply in April from March, as indexes rose in all 11 major markets for the second consecutive month, data showed on Wednesday.
The Teranet-National Bank Composite House Price Index, which tracks repeat sales of single-family homes, rose 2.4% in April from March. That was a marked increase from the gain of 1.5% in the previous month.
On an annual basis, the Teranet index was up 11.9% from a year earlier, the strongest 12-month gain since August 2017. Halifax, Nova Scotia, led the year-over-year gains, at 26.8%, followed by Hamilton, Ontario, at 22.9% and the national capital region of Ottawa-Gatineau at 19.5%.
Canadian home price gains accelerate sharply in March -Teranet reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
OTTAWA, April 20 (Reuters) - Canadian home prices accelerated sharply in March, with Halifax and Hamilton leading a bonanza of month-on-month gains felt across all 11 major markets in the country, data showed on Tuesday.
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, rose 1.5% from the previous month.
Prices rose 3.3% in Halifax, 2.8% in Hamilton and 1.9% in Toronto, with gains in the other major centers ranging from 0.9% to 1.5%.
On an annual basis, the index was up 10.8% in March, the eighth consecutive monthly acceleration and the strongest 12-month gain since September 2017. Halifax led year-on-year gains, up 22.5% from March 2020, followed by Hamilton at 20.9% and Ottawa-Gatineau at 19.0%.