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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