Canadian Home Prices Post Biggest Monthly Gain in 10 Months
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Canadian home prices posted their biggest gain in ten months during June, the Teranet-National Bank Composite House Price Index showed.
Prices rose 1.5 percent during the month, led by Ottawa’s 2.7 percent gain and Toronto’s 2.4 percent increase, according to a report released today by National Bank Financial. On an annual basis, prices rose 13.6 percent, matching the previous month’s rise, led by gains in Toronto and Vancouver.