Rising home prices in Vancouver and Toronto were among the factors pushing a measure of Canadian home prices to above the historical January average.<\/p>\n
The Teranet-National Bank National Composite Home Price Index increased 0.3% in January compared to December 2017, its second consecutive monthly gain.<\/p>\n
Vancouver prices rose for the fifth consecutive month. This time rising 1.2% following a 1.3% gain in December. There were gains for Victoria (1%), Toronto (0.2%) and Montreal (0.1%). Vancouver and Montreal were the only markets surveyed whose index reached an all-time high in January.<\/p>\n
The other major metro areas all saw prices slip: Hamilton (\u22120.2%), Ottawa-Gatineau (\u20110.2%), Edmonton (\u22120.3%), Calgary (\u22120.3%), Halifax (-1.0%), Winnipeg (\u22121.1%) and Quebec City (\u22122.0%).<\/p>\n
Toronto\u2019s gain was the first in 6 months and was almost entirely down to condos.<\/p>\n
Year-over-year, the composite index was up 8.7% from a year earlier, the smallest 12-month rise since May 2016 and a seventh consecutive deceleration from the record 12-month gains of 14.2% last June.<\/p>\n
Vancouver led the annual gains (16.2%) followed by Victoria (12.4%) and Hamilton (9.8%) while Toronto was up 8.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rising home prices in Vancouver and Toronto were among the factors pushing a measure of Canadian home prices to above the historical January average. The Teranet-National Bank National Composite Home Price Index increased 0.3% in January compared to December 2017, its second consecutive monthly gain. Vancouver prices rose for the fifth consecutive month. This time […]<\/p>\n","protected":false},"author":3,"featured_media":27912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10094"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=10094"}],"version-history":[{"count":2,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10094\/revisions"}],"predecessor-version":[{"id":25831,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/10094\/revisions\/25831"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/27912"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=10094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=10094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=10094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}