Bloomberg News

Canada August House Prices Rise 0.9%, Teranet Index Shows

October 26, 2011

Oct. 26 (Bloomberg) -- Canadian house prices rose 0.9 percent in August from the previous month, according to the Teranet-National Bank Composite House Price Index.

Housing prices rose 5.4 percent in August from a year earlier, according to a report released today by National Bank Financial. The index rose to a record 149.46.

Toronto led gains in August, with prices advancing 1.6 percent, followed by Winnipeg at 1.3 percent.

The index was expanded to cover home prices in 11 cities representing 64 percent of the value of Canadian sales, Teranet and National Bank said in a joint statement Oct. 19.

Teranet monthly price index: TNBHICM% <Index> GP <GO> Year-over-year prices: TNBHICY% <Index> GP <GO> Canada average five-year mortgage rate: <CANMORT5 <Index> GP <GO> Stories about Canada’s economy: NI CAECO <GO> Top Canada news: TOPC <GO>

--Editors: David Scanlan, Paul Badertscher

$TNBHICM% <index> $TNBHICY% <Index>

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editors responsible for this story: Chris Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net


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