Canada Housing April 2016


Growth in housing prices picks up in April

The Teranet-National Bank National Composite House Price index grew 1.2% in April over the previous month, following the 0.8% increase observed in March. The rise was the highest in 10 months.

Regarding regional developments, Toronto and Vancouver, which together account for 54.0% of the index, recorded increases of 1.4% and 2.2%, respectively. Vancouver and Toronto also recorded the strongest growth of the 11 cities that comprise the index. Edmonton was the only city with a decrease. On an annual basis, house prices rose 8.1% in April, which was up from the 7.0% increase recorded in March.

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Canada Housing Chart

Canada Housing Prices April 2016

Note: Monthly and annual variation in % of the Teranet-National Bank House Price Index.
Source: Teranet and National Bank of Canada.

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