House price index climbs 5.4 per cent in a year; 0.2 per cent month to month

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The Teranet-National Bank index of home prices has increased by 5.4 per cent from a year ago. The latest figures show that Vancouver, Calgary, Hamilton and Toronto led the annual increase. On a monthly basis prices nationally were up by 0.2 per cent from September to October with 5 out of 11 markets gaining. Calgary led the increases, up 9.1 per cent with Toronto up 7.4 per cent, Hamilton up 7.3 per cent and Vancouver up 6.5 per cent. There were also increases in Edmonton (4.9 per cent) Winnipeg (2.5), Quebec City (1.0), Halifax (0.4) and Ottawa-Gatineau (0.2) but Victoria’s prices dropped 0.1 per cent from September to October. 

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