Canada: Increase in house prices slows in August
September 12, 2014
The Teranet-National Bank National Composite House Price index rose 0.8% over the previous month in August, coming in below July’s 1.1% increase and representing the lowest monthly gain in three months. The countrywide index increased to a record high of 167.1 points.
Regarding regional developments, housing prices rose in all of the 11 metropolitan markets surveyed and the largest gains were recorded in Toronto and Vancouver. On an annual basis, house prices rose 5.0% in August, which exceeded July’s 4.9% increase.