Canada housing market shows no sign of slowing as prices rise for 9th month: Teranet Financial Post | September 12th, 2014 TORONTO - Canadian home prices rose in August and the pace of 12-month home price appreciation accelerated, a report showed on Friday, suggesting robust demand for housing is carrying through to the second half of the year. The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes, showed national home prices rose 0.8% last month, exceeding the historical average for August. Prices were up 5.0% from a year earlier, a pickup from Julys 4.9% price gain. August was the ninth month in a row in which the composite index did not fall. The price increases, on top of robust housing starts data in the spring and summer, have surprised economists who have been calling for a slowdown in Canadas long housing boom.
Posted on: Wed, 01 Oct 2014 21:42:53 +0000
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