Resale home prices rise for seventh straight month
Filed Under Main Content · Tagged: Calgary, Composite Index, Halifax, House Price, Metropolitan Markets, Montreal, National Bank, Ottawa, Price Changes, Price Index, Repeat Sales, Resale Home, Resale Prices, Rose, Single Family, Teranet, Toronto, Vancouver
Financial Post- Canadian home resale prices rose for a seventh straight month in November on gains in all six major metropolitan markets surveyed, a report released on Wednesday says.
The Teranet-National Bank composite house price index, which measures price changes for repeat sales of single-family homes, showed overall prices were up 0.8% in November from October.
Vancouver led the gains, rising 1.9%, the only market to exceed the national average. Without Vancouver, the composite index would have been up 0.5%, the report said. Toronto and Calgary both recorded gains of 0.6% in November, followed by 0.4% increases in each of Halifax and Ottawa. Montreal posted the smallest rise, up 0.1%…
