page contents

Canada home price growth cools in Aug as Toronto declines

[OTTAWA] The pace of Canadian home price growth slowed in August as prices in Toronto dropped for the first time in 19 months as sales in the city have declined following provincial government efforts to rein in the market.

The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 0.6 per cent last month from July, less than the August average of 0.7 per cent.

In Toronto, Canada’s largest city, prices were down 0.4 per cent, the first decline since Januar…
The Business Times

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close