Canadian home prices climb in August, but pace of gains slows- Teranet

  9/20/2021 |   SHARE
Posted in Canadian Housing Market by Sheru Asnani | Back to Main Blog Page

financial markets report

Canadian home prices rose in August from July, though the pace of price growth slowed for the third consecutive month, data showed on Thursday.

The Teranet-National Bank Composite House Price Index, which tracks repeat sales of single-family homes in 11 major Canadian markets, rose 1.0% in August from July. That follows a 2.0% gain in July and a 2.7% gain in June.

On an annual basis, the index was up 18.4%, it's 13th consecutive acceleration and the strongest 12-month gain on record. That was driven by a 32.4% gain in Halifax, Nova Scotia and a 30.2% gain in Hamilton, Ontario.

On a monthly basis, all 11 major markets were up for a sixth straight month, including a 2.1% gain for Ottawa-Gatineau and 1.7% gain for Hamilton.

Source: Reuters

Canada Real Estate, Teranet

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