Canada's home resale price rises in February
Canada's home resale price rises in February, report says Canadian home resale prices rose in February for a third consecutive month, buoyed by continued strength in Vancouver, according to a report on Wednesday.
The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes in six metropolitan areas, showed overall prices were up 0.1 percent in February from January.
Prices also rose in Montreal and Ottawa, but dipped in Calgary, Halifax and Toronto.
Overall prices were up 3.8 percent from a year earlier.
The index tracks home prices over time for repeat sales, so properties with at least two sales are required in the calculations. The report did not provide actual prices.
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