Canada: Housing prices fall for second consecutive month in December
January 14, 2015
The Teranet-National Bank National Composite House Price index fell 0.2% in December over the previous month. The result followed November’s 0.3% decrease and represented the second consecutive fall in prices. The countrywide index decreased to a four-month low of 167.2 points from November’s 167.5 points.
Regarding regional developments, housing prices declined in 5 of the 11 metropolitan markets surveyed, with the largest falls recorded in Halifax and Calgary. On an annual basis, house prices rose 4.9% in December, which was below November’s 5.2% gain.