31.05.2012 - Canadian home prices still rising in most big cities
Canadian home prices rose in April for the second straight month, with prices up from March in nine of 11 metropolitan markets, the Teranet-National Bank Composite House Price Index showed on Wednesday, although the pace of growth continued to slow on a yearly basis. The index, which measures price changes for repeat sales of single-family homes, showed overall prices climbed 0.8% in April from a month earlier and a 0.5% gain in March, following a period of three declines in four months. The index was up 5.9% in April from a year earlier after a 6.0% rise in March, extending the slowing trend in recent months...............................................Full Article: Source
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