“Terranet Home Price Index shows continued momentum in Canadian Real Estate Market Place”

Canadian home prices up 1.3% in July
Canadian home prices in July were up 1.3% from the previous month, according to the Teranet-National Bank National Composite House Price Index™. This rise took the index to a new high of 146.51 (June 2005 = 100). It was the fourth consecutive monthly increase exceeding 1%, and the eighth consecutive monthly increase after three straight monthly declines. In contrast to the three previous months, however, not all of the six metropolitan markets surveyed showed a gain. Prices rose 2.3% in Calgary, 1.7% in Toronto, 1.0% in Ottawa, 0.9% in Vancouver and 0.5% in Montreal, while declining 0.9% in Halifax.

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