About Me

My photo
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!

Tuesday, August 15, 2017

National home prices up 2% in Teranet-National Bank report

Canadian home prices increased 2% in July, driven by the continued increase in condo prices in Toronto.

The latest Teranet-National Bank House Price Index shows that the rise in Toronto was 2.1% but with condos excluded there was a decline of 1.6%.

The index compares prices now against a base of 100 for June 2005. For Toronto, it stood at 254.93 in July, meaning prices are up 154.93% since June 2005.

Vancouver continues to lead the index at 265.77 and was up 2.8% in July; and 8.56% year-over-year, which is well below the national average.

There were also larger than normal monthly increases for Hamilton (2.1%), Ottawa-Gatineau (2.0%) and Montreal (1.6%) while close to normal increases were recorded for Winnipeg (0.7%), Edmonton (0.6%), Calgary (0.4%) and Quebec City (0.4%). Halifax was down 1.1%.

The composite HPI was up 14.2% year-over-year nationwide with Hamilton (25.2%) and Victoria (16.3%) among the strongest rises along with Toronto’s 28%.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)