Canada home prices rise in February, but pace slows

Canadian housing prices rose for a second straight month in February, but the size of the increase from year-earlier levels continued to shrink, the Canadian Real Estate Association said on Friday.

The recently launched MLS Home Price Index, which monitors housing prices in five major urban markets, rose 1.1 percent in February from January, and was up 5.1 percent from February 2011, the smallest year-over-year increase since last June. In January, prices were up 5.2 percent year-over-year.

“MLS HPI trends for February show that home price growth is generally slowing,” Gary Morse, the industry group’s president, said in a statement.

Comments:
No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.