Canada: Housing prices ease in February
March 12, 2015
The Teranet-National Bank National Composite House Price index rose 0.1% in February over the previous month. The result contrasted January’s 0.2% increase. The countrywide index inched up to 167.5 points in February from January’s 167.4 points.
Regarding regional developments, housing prices increased in 5 of the 11 metropolitan markets surveyed, with the largest increases recorded in Vancouver and Victoria. On an annual basis, house prices rose 4.4% in February, which was below January’s 4.7% gain and marked the slowest increase in over a year.
Author: Dirina Mançellari, Senior Economist