Canadian home prices rose in April from March as three strong cities in Western Canada more than offset weak showings elsewhere, while the annual gain in prices slowed, the Teranet-National Bank Composite House Price Index showed on Tuesday.
The index, which measures price changes for repeat sales of single-family homes, showed overall prices rose 0.2% in April from a month earlier, but the weakest April gain in 15 years except for the 2009 recession. The index was up 2.0% from a year earlier, the smallest 12-month gain since November 2009..........................................Full Article: Source
|