Canada: House price growth falls in October
According to the Teranet-National Bank Composite House Price Index, house prices were virtually stable on a month-on-month non-seasonally-adjusted basis in October, after rising 0.1% in September. In annual terms, house prices were up 15.7% in October, decelerating from the previous month’s 17.3% rise.
In October, prices in 7 of the 11 markets surveyed increased over the month prior. Prices in Hamilton, Halifax and Victoria increased at the quickest rates, while prices in Toronto—which accounts for over one-third of the 11-city composite index—grew 0.1% month-on-month.