Canadian home prices post second-biggest monthly jump since 2006: index
Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index.
The index for July was up 2.4 per cent from June, after seasonal adjustments, and marked the fourth consecutive monthly rise.
After declining from a peak in April 2022 as the higher rate environment sidelined some buyers, recent rises in the home price composite index have erased some of this correction, the report said.
Categories
Recent Posts
Highest offer doesn’t land Calgary semi as conditions scupper deal
Staging helps 1980s-vintage condo show at its best, sell over asking
Residents’ group despairs as Point Grey Village plan moves forward
Big pull-back on price helps sell West Vancouver home in need of a reno
BMO tightens mortgage rules due to tariffs, the Home of the Week and more top real estate stories
Perched on a hilltop, this $7.25-million, century-old North York home awaits its 'next chapter'
Large, retro bungalow in North York gets three offers
Bearish on rental: Vancouver developers rejig for a downturn
Patience and design result in a home built to entertain
Toronto-area new homes market sees worst February on record, with nearly 17,000 homes going unsold
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "