Single-family home prices up 1.2 per cent in April

Single-family home prices rose 1.2 per cent in April from the previous month. The Teranet-National Bank Composite House Price Index recorded the largest April increase since 2008.

Vancouver prices were up 2.2 per cent and in Toronto there was a 1.4 per cent gain. Calgary halted decline over the previous 6 months with a 0.2 per cent rise but Edmonton prices slipped 0.1 per cent.

Year-over-year the price of single-family homes nationwide were up 8 per cent.

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Market update:

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