Growth in housing prices in Canada edges up in JanuaryStaff Writer | February 15, 2017
The Teranet-National Bank National Composite House Price for Canada index rose 0.5% in January from the previous month.
Homes in Canada The Teranet-National Bank National Composite
Regarding regional developments, the housing markets of Toronto and Vancouver, which together account for 54.1% of the index, recorded month-on-month increases of 0.8% and 0.3%, respectively, while Hamilton saw the highest monthly increase of 1.1%.
Housing markets in Winnipeg, Ottawa-Gatineau, and Edmonton all decreased over the previous month.
On an annual basis, house prices increased to an over six-year high of 13.0% in January, which was up from the 12.3% increase recorded in December. ■