14 May 2014
Actually, last month’s increase turns out to be the weakest April gain in 15 years (with the exception of recession period).
Year-over-year comparison shows 4.9% growth. In the same time, only 6 of 11 local Canadian markets reported price increases. Once again, the Teranet results showed large regional variations among all main markets: some cities in Western Canada reported gains, others – east of Toronto – showed declines.
Calgary saw 10.0% price growth, Vancouver – 9.0%, Toronto – 5.8%, Hamilton – 5.3%, Edmonton – 4.0% and Winnipeg – 2.5%.
It should be noted that the Teranet-National Bank House Price Index surveys repeat sales of single-family housed across Canada.