Canadian home prices in April were up 1.1% from the previous month, according to the Teranet-National Bank National Composite House Price Index™. Year-over-Year, the index was up 4.4%
The April increase was the largest of 5 consecutive monthly rises following 3 straight monthly declines.
For the first time in 10 months, prices rose in all 6 of the metropolitan markets surveyed. The gain was 1.8% in Vancouver, 1.4% in Ottawa, 1.0% in Montreal, 0.8% in Halifax, 0.7% in Toronto.
In Calgary, price were up 0.6% from the previous month but were down 3.5% from a year earlier, making April the seventh consecutive month of 12-month deflation. The month-over-month rise was only the second increase in 9 months.
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