21.7 C
New York
Friday, July 30, 2021

Canadian home prices rise in August as market shows signs of firming

Must read

Share market update: Most active stocks of the day in terms of total traded value

NEW DELHI: Tech Mahindra (Rs. 1214.64 crore), Tata Steel (Rs. 641.87 crore), Deepak Nitrite (Rs. 517.24 crore), SBI (Rs. 432.65 crore), HCL Tech (Rs....

OKB (OKB): Price Updates, Recent Developments, Community, Future Events

Cryptocurrency13 minutes ago (Jul 30, 2021 12:30AM ET) OKB (OKB): Price Updates, Recent Developments, Community, Future Events OKB, the utility token of OKEx, has had an...

China asks trust firms to clean up non-finance units and businesses

Sign In/Free Sign Up 0 Stock Markets13 minutes ago (Jul 30, 2021 12:30AM ET) (C) Reuters. BEIJING (Reuters) - China's banking and insurance regulator...

Share market update: Most active stocks on D-Street today in terms of volume

NEW DELHI: Suzlon Energy (number of shares traded: 7.48 crore), JP Power (number of shares traded: 5.79 crore), Trident Ltd (number of shares traded:...
imageEconomic Indicators8 minutes ago (Sep 18, 2020 08:35AM ET)

(C) Reuters. FILE PHOTO: A real estate sign is seen hanging on a fence in front of a house for sale in Ottawa

TORONTO (Reuters) – Canadian home prices rose in August, led by the Victoria and Ottawa-Gatineau markets, with the pace of the advance just shy of the average gain for the month as the housing market showed signs of picking up, data showed on Friday.

The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, showed prices were up 0.6% in August from July. The average gain for the month over the past 22 years was 0.7%.

The number of repeat sales used to derive indexes was down 1.3% year-over-year, showing some recovery after being down more than 20% in the prior three months.

The gain is a sign of firming markets “which echoes the revival of homes sales reported by the Canadian Real Estate Association in June after severe slowdowns in previous months due to COVID-19,” said Marc Pinsonneault, a senior economist at the National Bank of Canada (OTC:NTIOF).

Prices rose in 10 of the 11 metropolitan areas in the index, with the Victoria region, in the province of British Columbia, up 2.3% and the government hub of Ottawa-Gatineau gaining 2.2%. The index was flat for Calgary.

Compared with the same month a year ago, the index climbed 5.7%, a faster pace than in July.

Canadian home prices rise in August as market shows signs of firming

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

- Advertisement -

Latest article

Share market update: Most active stocks of the day in terms of total traded value

NEW DELHI: Tech Mahindra (Rs. 1214.64 crore), Tata Steel (Rs. 641.87 crore), Deepak Nitrite (Rs. 517.24 crore), SBI (Rs. 432.65 crore), HCL Tech (Rs....

OKB (OKB): Price Updates, Recent Developments, Community, Future Events

Cryptocurrency13 minutes ago (Jul 30, 2021 12:30AM ET) OKB (OKB): Price Updates, Recent Developments, Community, Future Events OKB, the utility token of OKEx, has had an...

China asks trust firms to clean up non-finance units and businesses

Sign In/Free Sign Up 0 Stock Markets13 minutes ago (Jul 30, 2021 12:30AM ET) (C) Reuters. BEIJING (Reuters) - China's banking and insurance regulator...

Share market update: Most active stocks on D-Street today in terms of volume

NEW DELHI: Suzlon Energy (number of shares traded: 7.48 crore), JP Power (number of shares traded: 5.79 crore), Trident Ltd (number of shares traded:...

Buy EPL, target price Rs 320: Motilal Oswal

Motilal Oswal has buy call on EPL with a target price of Rs 320. The current market price of EPL is Rs 249.95. Time...