11-city Teranet-National Bank house price index stable from March to April amid slow resale market activity.
The Teranet-National Bank composite house price index, tracking 11 major Canadian cities, stayed stable from March to April. This comes as resale market activity remains slow, with first-time homebuyers waiting for interest rate cuts from the Bank of Canada. Of the 11 cities, seven experienced price rises in April compared to March, after adjusting for seasonal effects. Edmonton saw a 2.3% increase, while Montreal and Calgary both added 1.9%.
May 17, 2024
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