Thursday, 31 March 2011

Teranet - Smaller House price rise Jan.

The smallest monthly increase since prices began rising

Canadian home prices in January were up 7.5% from a year earlier, according to the Teranet-National Bank National Composite House Price Index™. January was the fourth consecutive month in which prices were up from a year earlier, after 10 consecutive months of 12-month deflation. The turnaround is due to nine straight monthly increases in the countrywide index. However, January's 0.5% monthly gain was the smallest so far.

Teranet – National Bank National Composite House Price Index™

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