Index shows modest price gain to start 2012

The results confirm existing statistics for the start of 2012 showing a strong start to the Canadian real estate market nationally.
For the 11 metropolitan cities covered in the composite, the average was a 0.1% gain in prices for January compared to December, and a 6.5% gain from a year earlier.
The largest January price gains were from cities where buyers have been especially active lately – Toronto and Halifax, up 0.6% and 0.7% respectively from a month earlier.

Edmonton prices slipped 1.1% in January, however, leaving the year-over-year gain at 1.2% in price.
Only in Victoria are prices down from a year ago, dropping 0.1% on the index despite a 0.4% gain in January from December.

Toronto has shown the biggest year-over-year gain, just missing double-digits at 9.9%, followed by 9% in Winnipeg and 7.9% in Hamilton.
For Vancouver, January marked the fourth straight month of decline in prices, while Calgary has fallen four of the past five months.

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