The latest Teranet-National Bank house price index shows a significant regional divide developing in the country’s housing markets.
Overall, house prices climbed 4.9 per cent over the past year. But prices actually fell in five of the 11 cities measured in the index. Halifax led the way, with a 3.5-per-cent slide in prices, and Montreal and Ottawa also saw declines.
Meanwhile, in western Canada prices are booming. Calgary led the way with a 10-per-cent spike in house prices year on year, while Vancouver appears to be returning to old habits, and prices there are up nine per cent in the year to April.
The only markets east of Winnipeg where house prices are still rising are Toronto and Hamilton, each seeing prices up better than five per cent.
By Daniel Tencer
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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